MIRA INFORM REPORT

 

 

Report Date :

09.05.2012

 

IDENTIFICATION DETAILS

 

Name :

DAEWOO INTERNATIONAL CORPORATION

 

 

Registered Office :

541, Namdaemoon-Ro 5-Ga, Joong-Gu, Seoul, 100-802, C P O Box 2810 Seoul Korea

 

 

Country :

Korea (South)

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

27.12.2000

 

 

Legal Form :

Public Subsidiary

 

 

Line of Business :

Trade, Manufacture and Department Store

 

 

No. of Employees :

1,861

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Status :

Good

Payment Behaviour :

No complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Korea (South)

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Daewoo International Corporation

 

 

 

 

 

 

541, Namdaemoon-Ro 5-Ga, Joong-Gu, Seoul, 100-802, C P O Box 2810 Seoul Korea

 

 

Tel:

82-2-7592114

Fax:

82-2-7592389

 

Employees:

1,861

Company Type:

Public Subsidiary

Corporate Family:

60 Companies

Ultimate Parent:

POSCO

Traded:

Korea Stock Exchange:

047050

Incorporation Date:

27-Dec-2000

Auditor:

Ernst & Young LLP

 

 

 

 

 

 

 

 

 

Fiscal Year End:

31-Dec-2010

Reporting Currency:

South Korean Won

Annual Sales:

16,111,806.0

Net Income:

122,720.8

Total Assets:

5,651,661.0

Market Value:

3,229,560.0

 

(03-Feb-2012)

 

 

 

 

 

 

 

 

 

 

Business Description

 

 

Daewoo International Corporation is a Korea-based company specialized in the provision of trade services. The Company operates its business mainly through three divisions: trade, manufacture and department store. The Trade business division is involved in the international trading of steel products, metals, machinery, chemical products, automobile components, electronics, textiles, apparels, steel raw materials, non-ferrous metals and others in Asia, Africa, Oceania, North America, Middle and south America and Europe. The Manufacture business division operates a textile factory in Busan, Korea. The Department Store business division operates Masan Daewoo Department Store, based in Gyeongnam Province, Korea. As of December 31, 2010, the Company had 58 affiliated companies. For the three months ended 31 March 2011, Daewoo International Corporation's total revenue increased 25% to W4.576T. The Company's net income decreased 88% to W3.69B. Revenues reflect higher foreign sales of finished goods, and domestic sales of merchandises. Net income suffered from decreased gain on foreign exchange translation and decreased interest income, as well as decreased gain on disposal of tangible assets.

 

 

Industry

 

 

 

 

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

3322 - Metal and Mineral Wholesaling

NACE 2002:

5152 - Wholesale of metals and ores

NAICS 2002:

42351 - Metal Service Centers and Other Metal Merchant Wholesalers

UK SIC 2003:

5152 - Wholesale of metals and ores

US SIC 1987:

5051 - Metals Service Centers and Offices

 

Key Executives

 

 

 

Name

Title

Dong Hui Lee

Chief Executive Officer, Director

Byeong Yil Jeon

Vice President

Lee Dong-Hee

Chief Executive Officer & Vice Chairman

Jae Yong Kim

President

Hong Soo Seol

Executive Vice President-Finance & Accounts

 

Significant Developments

 

 

Topic

#*

Most Recent Headline

Date

Litigation

1

Daewoo International Corporation Announces Lawsuit Filed by France-based Company

29-Mar-2011

Mergers / Acquisitions

1

Daewoo International Corporation to Acquire PT. Bio Inti Agrindo (Indonesia)

26-Apr-2011

Officer Changes

1

Daewoo International Corporation Announces Resignation of Co-CEO

31-Oct-2011

Equity Investments

1

Daewoo International Corporation Announces Changes in Shareholding Structure

11-Apr-2011

Debt Financing / Related

3

Daewoo International Corporation Adjusts Conversion Price of Fourth Convertible Bonds

27-Dec-2011

* number of significant developments within the last 12 months

 

 

 

News

 

 

Title

Date

Police: Beware of gas thieves
Eagle-Tribune (North Andover, MA) (782 Words)

17-Feb-2012

Chevrolet's bright Spark
South Wales Evening Post (Wales) (657 Words)

17-Feb-2012

Third Avenue Management Partners with Jim Millstein and Millstein & Co.
Associated Press (622 Words)

15-Feb-2012

CM announces to go home if fails to end corruption
Daily Times (Pakistan) (523 Words)

15-Feb-2012

Attractively styled citycar is a bright Spark
Llanelli Star (UK) (685 Words)

15-Feb-2012

 

 

Financial Summary

 

 

As of 30-Sep-2011

Key Ratios

Company

Industry

Current Ratio (MRQ)

1.12

3.16

Quick Ratio (MRQ)

0.86

1.74

Debt to Equity (MRQ)

3.21

0.29

Sales 5 Year Growth

23.33

6.76

 

 

Stock Snapshot

 

 

Traded: Korea Stock Exchange: 047050

 

As of 3-Feb-2012

Financials in: KRW

Recent Price

31,300.00

 

EPS

2,930.17

52 Week High

44,000.00

 

Price/Sales

0.20

52 Week Low

26,100.00

 

Dividend Rate

200.00

Avg. Volume (mil)

0.28

 

Price/Book

2.00

Market Value (mil)

3,229,560.00

 

Beta

1.39

 

Price % Change

Rel S&P 500%

4 Week

10.21%

2.99%

13 Week

-1.26%

-3.46%

52 Week

-20.05%

-16.01%

Year to Date

8.12%

0.08%

 

 

Corporate Overview

 

 

 

Location
541, Namdaemoon-Ro 5-Ga
Joong-Gu
Seoul, 100-802
Korea, Republic of

 

Tel:

82-2-7592114

Fax:

82-2-7592389

 

Quote Symbol - Exchange

047050 - Korea Stock Exchange

Sales KRW(mil):

16,111,806.0

Assets KRW(mil):

5,651,661.0

Employees:

1,861

Fiscal Year End:

31-Dec-2010

 

Industry:

Miscellaneous Capital Goods

 

 

Incorporation Date:

27-Dec-2000

Company Type:

Public Subsidiary

Quoted Status:

Quoted

 

Chief Executive Officer, Director:

Dong Hui Lee

 

Contents

Industry Codes

Business Description

Brand/Trade Names

Financial Data

Market Data

Subsidiaries

Key Corporate Relationships

 

 

 

 

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3494

-

Other Electrical and Electronic Goods Wholesaling

3504

-

Motor Vehicle New Parts Wholesaling

3322

-

Metal and Mineral Wholesaling

3323

-

Industrial and Agricultural Chemical Product Wholesaling

3419

-

Other Specialised Industrial Machinery and Equipment Wholesaling

 

NACE 2002 Codes:

5143

-

Wholesale of electrical household appliances and radio and television goods

5030

-

Sale of motor vehicle parts and accessories

5152

-

Wholesale of metals and ores

5155

-

Wholesale of chemical products

5187

-

Wholesale of other machinery for use in industry, trade and navigation

 

NAICS 2002 Codes:

424690

-

Other Chemical and Allied Products Merchant Wholesalers

423830

-

Industrial Machinery and Equipment Merchant Wholesalers

42351

-

Metal Service Centers and Other Metal Merchant Wholesalers

423620

-

Electrical and Electronic Appliance, Television, and Radio Set Merchant Wholesalers

423120

-

Motor Vehicle Supplies and New Parts Merchant Wholesalers

 

US SIC 1987:

5064

-

Electrical Appliances, Television and Radio Sets

5051

-

Metals Service Centers and Offices

5084

-

Industrial Machinery and Equipment

5013

-

Motor Vehicle Supplies and New Parts

5169

-

Chemicals and Allied Products, Not Elsewhere Classified

 

UK SIC 2003:

5030

-

Sale of motor vehicle parts and accessories

5187

-

Wholesale of other machinery for use in industry, trade and navigation

5143

-

Wholesale of electrical household appliances and radio and television goods

5152

-

Wholesale of metals and ores

5155

-

Wholesale of chemical products

 

 

Business Description

Daewoo International Corporation is a Korea-based company specialized in the provision of trade services. The Company operates its business mainly through three divisions: trade, manufacture and department store. The Trade business division is involved in the international trading of steel products, metals, machinery, chemical products, automobile components, electronics, textiles, apparels, steel raw materials, non-ferrous metals and others in Asia, Africa, Oceania, North America, Middle and south America and Europe. The Manufacture business division operates a textile factory in Busan, Korea. The Department Store business division operates Masan Daewoo Department Store, based in Gyeongnam Province, Korea. As of December 31, 2010, the Company had 58 affiliated companies. For the three months ended 31 March 2011, Daewoo International Corporation's total revenue increased 25% to W4.576T. The Company's net income decreased 88% to W3.69B. Revenues reflect higher foreign sales of finished goods, and domestic sales of merchandises. Net income suffered from decreased gain on foreign exchange translation and decreased interest income, as well as decreased gain on disposal of tangible assets.

 

 

 

 

 

More Business Descriptions

Daewoo International Corporation (Daewoo) is a Korea-based trading company present in export, import and trading business activities related wide range of product base. The company operates as a subsidiary of POSCO.The company operates through six business groups: Business Group I; Business Group II; Business Group III; Business Group IV; Energy & Resources Development Group and Domestic Business Group.The company’s Business Group I division carries business through hot rolled steel division, flat and wire rod division, cold rolled steel division, and special steel division. The hot rolled steel division imports raw materials and exports hot rolled products manufactured by POSCO steel. The products include HR Coil, PO Coil, HR Plate, Wire Rod, Sheet, Pipe, and Wire. The flat and wire rod division imports and exports plate, wire rod and slabs for POSCO steel and other steel producers in the world. The cold rolled steel division engages in trading of electrolytic galvanized steel sheets, cold rolled sheets, galvanized steel sheets, and cold rolled sheets, galvanized steel sheets for industrial and home appliances. Special Steel Division is specialized in export of stainless steel products manufactured by Korean companies like POSCO, POSCO Special Steel, and DKC. Special steel division also exports hot and cold rolled stainless steel products from POSCO and high value added alloy steel and imports from foreign manufacturers.Daewoo’s Business Group II division operates under following sub divisions: machinery & plant division, automotive component division, electronic industry division, textile division, special business team. The machinery & plant division carries out in international sales of machines and plants including industrial machines and heavy equipments. The automotive component division is engaged in supplying various parts to more than 180 customers across 35 countries. The company’s electronic industry division trades electronic products like Li-ion batteries, LCD monitors, fiber optic cables and many others. The company through its textile division exports textile products ranging from raw material to finished products. The products include cotton yarn, cotton greige fabric, synthetic fabrics and textile materials.Daewoo’s Business Group III operates through steel raw materials division, metal division, non-ferrous metal division, and agro-products division. The steel raw material division is engaged in import, export and triangular trade of steel raw materials like iron ore, pig iron, billet and others. The company is planning to develop new business models, strategic products and to enhance sales capabilities through the close cooperation with POSCO. Non Ferrous Metal Division is involved in import, export and trade of non ferrous metal products ranging from industrial material to finished products. The products include aluminum products, copper raw materials, titanium, magnesium, and zirconium. Metal division is engaged in export of steel products from domestic manufacturers, export of high value added coated products and import and triangular trade of foreign products. The agro-product division engages in trilateral trade of rice, corn, beans, wheat, and frozen pork and beef.The Business Group IV is carrying business through Chemical Division I, Chemical Division II, Chemical Division III. The Chemical Division I is involved in trading petrochemical products, including crude oil, diesel, gasoline and heavy oil, BTX, PX, and SM. The Chemical Division II trades multi-purpose synthetic resin (PE, PP, ABS, PVC), the core products of downstream petrochemicals, special resin (PU, PC), chemical fibers (PTA, MEG) and Pet Chips. The Chemical Division III trades fertilizer, paper, synthetic rubber and inorganic and fine chemicals. The company’s Energy & Resources Development Group comprises mineral resources development division, and energy division. Mineral resources development division is involved in overseas projects. The company participated in nickel development project in Ambatovy, Madagascar and developed Narrabri bituminous coal mine in Australia. The company has exploration mines located in Australia, Bolivia, and Canada. The energy division is operating crude oil production project in Peru. The company has participated in KOLNG, which is an LNG Plant operation project in Oman, and gas production project in Vietnam. The company's new projects are located in Australia, Central America, Southeast and Central Asia, and Africa.Daewoo’s Domestic Business group operates through Busan Factory and Masan Department Store. The Busan Factory involves in developing, production and selling of textile. The Masan Daewoo Department Store is providing various distribution services.

 

Daewoo International Corporation (Daewoo) is Korean based international trading and investment company. The company operates as a subsidiary of POSCO. The company has broad spectrum of business operations in various industries, such as international trading, manufacturing, sales, and resource development. Daewoo operates businesses through six business groups and takes care of the trade business exclusively. These business operations includes the export and import of steel products and raw material, machines, heavy equipments, automobile components, electronic products, petrochemical products and textile products. The company is also involved in energy infrastructure development. Daewoo is headquartered in Seoul, South Korea.The company reported revenues of (Won) KRW 16,111,805.61 million during the fiscal year ended December 2010, an increase of 39.57% over 2009. The operating profit of the company was KRW 181,652.20 million during the fiscal year 2010, an increase of 15.79% over 2009. The net profit of the company was KRW 122,720.76 million during the fiscal year 2010, a decrease of 6.58% from 2009.

 

International trade in the areas of steel, metal, chemicals, automotive and component, machinery and plant, media and electronics, textiles, commodities and energy. Management services including corporate restructuring and finance.

 

Daewoo International Corporation (South Korea) is primarily a general trading company, but is also involved in the worldwide construction and civil engineering business. The company's main focus is on the manufacture of motor cars, heavy equipment, shipbuilding and construction.

 

All Other Specialty Trade Contractors

 

Financial Data

Financials in:

KRW(mil)

 

Revenue:

16,111,806.0

Net Income:

122,720.8

Assets:

5,651,661.0

Long Term Debt:

960,303.6

 

Total Liabilities:

4,066,700.5

 

Working Capital:

98.9

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

39.6%

-6.6%

20.4%

 

Market Data

Quote Symbol:

047050

Exchange:

Korea Stock Exchange

Currency:

KRW

Stock Price:

31,300.0

Stock Price Date:

02-03-2012

52 Week Price Change %:

-20.1

Market Value (mil):

3,229,560,064.0

 

SEDOL:

6344274

ISIN:

KR7047050000

 

Equity and Dept Distribution:

All financials reflect consolidated results. '05 differential dividends to major shareholders. 03/01, IPO. 12/06 is CLA. '12/08, stock dividend(F: 1.03). 12/09, 1.00:0.03,stock dividend(F:1.030000).

Top

 

Subsidiaries

Company

Percentage Owned

Country

Daewoo Int' Corp Guangzhou Co Ltd

 

PEOPLE'S REPUBLIC OF CHINA

Shanghai Lansheng Daewoo Corp

 

PEOPLE'S REPUBLIC OF CHINA

Daewoo Textile Fergana

100%

UZBEKISTAN

Daewoo International Singapore Pte Ltd

100%

SINGAPORE

Myanmar Daewoo Ltd

55%

MYANMAR

Daewoo Textile Bukhara

100%

UZBEKISTAN

Daewoo Int'l (America) Corp

100%

USA

Daewoo Italia S.R.l

100%

ITALY

Daewoo International (Deutchland)

100%

GERMANY

Daewoo Int'l Japan Corp

100%

JAPAN

 

 

 

Top

Key Corporate Relationships

Auditor:

Ernst & Young LLP

 

Auditor:

Ernst & Young LLP

 

 

 

 

 

The Strategic Initiatives report is created using technology to extract meaningful insights from analyst reports about a company's strategic projects and investments. More about Strategic Initiatives

 

Strategic Initiatives



 

Sales and Distribution

Daewoo’s Business Group III operates through steel raw materials division, metal division, non-ferrous metal division, and agro-products division. The steel raw material division is engaged in import, export and triangular trade of steel raw materials like iron ore, pig iron, billet and others. The company is planning to develop new business models, strategic products and to enhance sales capabilities through the close cooperation with POSCO. Non Ferrous Metal Division is involved in import, export and trade of non ferrous metal products ranging from industrial material to finished products. The products include aluminum products, copper raw materials, titanium, magnesium, and zirconium.

 

 

Strengths/Weaknesses (SWOT)



 

Helpful
to achieving the objective

Harmful
to achieving the objective

Internal Origin
(attributes of the organization)

Strengths

Diversified Business Operations

Global Network

Key Player in Korean Business Development

Weaknesses

Declined Liquidity

Higher Operating Costs affecting Margins

External Origin
(attributes of the environment)

Opportunities

Myanmar Gas Facility Development

Improving E&P Investments

Potential Growth for Unconventional Oil and Gas

Threats

Volatility in Oil and Natural Gas Prices

Intense Competition

Stringent Regulations

 

Overview

Daewoo International Corporation (Daewoo) is a diversified company, engaged in the business of trading, manufacturing and distribution of wide range of products portfolio. The company has a diversified operations and strong global presence. Declined liquidity position is the major concern to the company. The Myanmar gas facility development and improved E&P investments of the group provide an opportunity for Daewoo International to enhance its growth. However, stringent regulations and intense competitive position could limit its overall market share and adversely affect its profitability.

Strengths

Diversified Business Operations

The company carries out diversified business operations in different sectors including steel, metal, chemical, automotive and component, machinery and industrial plants, media and electronics, textiles, commodity and energy, and IT businesses. Its significant business portfolio includes international trade, project organizing, energy and resource development, and overseas investment. The company is participating in numerous business operations through its six business groups, namely, Business Group I of steel division I, steel division II, special steel division; Business Group II of machinery and plant division, automotive component division, electronic industry and special business division, Textile Division; Business Group III of steel raw materials division, metal division, non-ferrous metal division; Business Group IV of chemical division i, chemical division ii, chemical division iii; Energy and Resources Development Group consists of commodity and agro-resources division, mineral resources development division, energy division; and Domestic Business includes busan factory and Daewoo department store. Diversified business operations minimizing its business risks rather than depending upon single product demand and also has additional advantage to serve numerous markets.

Global Network

The company strong global network across the various markets gives it a strategic advantage. Daewoo holds strong market presence in a number of markets including Asia, Europe, Central and South America, North America, Africa and Middle East. Daewoo International’s network base is considered as the largest in Korea consists of more than 100 overseas branches and subsidiaries. Through its wide range of network base, Daewoo International trades various products with 6,000 long-established leading companies in 180 countries across the world. . Daewoo global presence enables the company to cater to a wider market and thus mitigate the risk associated with the geographical concentration.

Key Player in Korean Business Development

Daewoo International is an international trading and investment group, became the part of POSCO in October, 2010. Daewoo International continues to serve as key player for the expansion of Korea’s exports and overseas resource development through international marketing business. This is supported by its global network of international experts in trading, procurement of high quality commodities in good quality and abundant domestic and international sales bases. Daewoo International is serving as a leading player in Korea’s economic development through export enlargements.

Weaknesses

Declined Liquidity

The company reported declined liquidity in the fiscal year ended 2010, which could impact its growth and expansion plans. The company reported 22.2% growth in its current assets in 2010, as compared to 31.1% growth in current liabilities. Disproportionate growth in current liabilities and current assets affects the working capital and short-term liquidity of the company. The company's net working capital declined to KRW217,378.52m in 2010, as compared to KRW324,478.32m of net working capital in 2009. In addition, its cash & equivalents as a percentage of total current assets decreased from 41.4% in 2009 to 14.7% in 2010, while its total receivables as a percentage of total current assets increased from 32.5% in 2009 to 40.7% in 2010, indicating possible increase in credit sales. Liquidity indicators such as current ratio, quick ratio and cash ratio also decreased to 1.08, 0.66 and 0.17 at the end of fiscal year 2010, as compared to 1.16, 0.91 and 0.49 in 2009.

Higher Operating Costs affecting Margins

Daewoo International reported higher operating costs in the fiscal year ended December 2010, which has affected its margins. The company's operating costs (as a percentage of sales) increased from 98.6% during fiscal year ended December 2009 to 98.9% during fiscal year 2010, indicating inefficient cost management. Due to such increase in costs, it reported lower operating margin and net profit margin. The group's operating margin and net profit margin declined to 1.1% and 0.76% in 2010, from 1.36% and 1.14% respectively in 2009.

Opportunities

Myanmar Gas Facility Development

Hyundai Heavy Industries Co., Ltd. (Hyundai Heavy Industries) has signed the contract for SHWE project in Myanmar with Daewoo International Corporation on February 23, 2010. The Hyundai Heavy Industries, will build a 40,000-ton class offshore gas platform, a subsea production system, subsea pipelines, an onshore gas terminal, a jetty and a supply base. The project will be completed by March 2013.The SHWE Project is for development of Block A-1 and Block A-3 at Bengal Bay, a 70 km west of Myanmar. It is developing gas fields in Block A-1 (51% interest) and A-3(51%) in Myanmar offshore basin. Further, it also owns 100% exploration interest in the AD-7 block. The company is anticipated to commence production by 2012. Moreover, Daewoo International Corporation (Daewoo) led consortium will invest KRW4 trillion ($3.2 billion) for the development of Myanmar gas fields. This will allow the consortium in supplying natural gas to China National Petroleum Corporation (CNPC) for 30 years, with a highest daily production of 500 million cubic feet, or about 3.8 million tons per annum. The supplies amounts to approximately 7% of China's gas consumption of 7.3 billion cubic feet per day and is expected to increase rapidly. These ongoing projects will fetch good returns for the company and help the company to enhance the partnership between Hyundai Heavy Industries Co

Improving E&P Investments

Investment in upstream oil and gas sector is expected to go up in 2011. Growth in E&P expenditure would benefit international energy services companies such as Daewoo international corporation. In addition, new oil and gas developments will focus on deep water, subsea, arctic regions and oil sands in the near future. Increased drilling activities would help in improving the demand for energy services.The past few years have seen significant volatility in commodity prices and financial markets. As a result, capital expenditure by oil and gas companies has witnessed a significant decrease in 2009 after surging from 2007 to 2008. The governments’ intervention in economy across the globe takes effect, oil and gas companies are expected to increase investments in 2010-11.

Potential Growth for Unconventional Oil and Gas

The company could benefit as the petroleum industry turns to unconventional sources of oil and gas and can take advantage of the current scenario to boost its sales and strengthen its financial base. Unconventional sources have the potential to add significant capacity to the world’s energy supplies. As per the forecast of the US Energy Information Administration (EIA), the annual growth rate of unconventional production will be above the annual growth rate of conventional production. According to the EIA’s forecast, by 2035, the world’s total conventional production is expected to be around 97.1 million bpd, whereas the unconventional production would be around 14.6 million bpd. Currently, the share of unconventional oil production is around 5%, which is expected to increase to approximately 13% of the world’s total production. Certain of the unconventional sources include oil sands, CBM, tight gas, and shale gas.

Threats

Volatility in Oil and Natural Gas Prices

In recent years increase in the demand of crude oil and depletion in the oil reserves have resulted in the increase in the prices of crude oil and oil products across the world. For many years, oil prices and markets have been extremely volatile. Prices are affected by numerous factors such as market supply and demand, international military, political, and economic conditions, and the ability of the Organization of Petroleum Exporting Countries (OPEC) to set and maintain production and price targets. For the year ended December 31, 2010, natural gas prices decreased 6% to $4.50 per mcf, when compared to $4.78 per mcf realized in the same period in 2009. The average oil and liquids price increased 1% to $58.56 per bbl for the year ended December 31, 2010 from $58.18 per bbl for the same period in 2009. Besides, in the fourth quarter of 2010, natural gas prices decreased 16% to $4.08 per mcf, when compared to $4.84 per mcf realized in the same period in 2009. The average oil and liquids price decreased 5% to $59.46 per bbl for the fourth quarter 2010 from $62.79 per bbl for the same period in 2009. Any such volatility in oil prices would adversely affect the company's results of operations, financial condition, and future growth rate.

Intense Competition

Daewoo international operates in six various business groups including steel division, machinery and plant division, automotive component division, electronic industry and special business division, textile division, chemical division, commodity and agro-resources division, mineral resources development division, energy division across the world. The company is exposed to huge competitive position from various industry players by carrying out wide range of business operations in large base of global network. Increasing competitive pressure from various key industry players could limit the group’s overall market share and profitability.

Stringent Regulations

The company’s operations are subject to extensive and constantly changing federal, state and local laws and regulations, including, those related to the discharge of materials into the environment, environmental protection, waste management and the characteristics and composition of fuels. These environmental laws and regulations are subject to frequent change, and often become more stringent in the course of time. The company's failure to comply with these laws and regulations could also result in substantial fines or penalties. Stringent environmental regulations may result in substantial capital expenditure any major changes in them may require the company to make significant investments, which may have adverse effect on the company's operating margins.

 

 

Corporate structure news

 

 

Company Name

Company Type

Location

Country

Industry

Sales
( mil)

Employees

POSCO

Parent

Pohang-Si, Kyongsangbuk-Do

Korea, Republic of

Iron and Steel

60,637,860.0

17,451

Posco Engineering & Construction Co.,Ltd

Subsidiary

POHANG

Korea, Republic of

Construction Services

6,237,953.0

2,340

Posco Engineering & Construction Co Ltd

Subsidiary

Santiago

Chile

Construction Services

110.0

200

Poslilama Steel Structure Co Ltd

Subsidiary

Ho Chi Minh, Ho Chi Minh

Viet Nam

Miscellaneous Fabricated Products

 

187

POSCO ICT COMPANY LTD.

Subsidiary

Sungnam-Si, Kyeonggi-Do

Korea, Republic of

Engineering Consultants

830,129.6

2,230

Daewoo International Corporation

Subsidiary

Seoul

Korea, Republic of

Miscellaneous Capital Goods

16,111,810.0

1,861

Daewoo Textile Bukhara

Subsidiary

Bukhara

Uzbekistan

Textiles - Non Apparel

 

9,237

Rismar Daewoo Apparel, PT

Subsidiary

Jakarta, Jakarta

Indonesia

Miscellaneous Capital Goods

 

1,000

Daewoo International Corporation Johannesburg Branch

Subsidiary

Sandton

South Africa

Construction Services

329.0

100

Daewoo International Corporation

Subsidiary

Makati , Metro Manila

Philippines

Miscellaneous Capital Goods

310.0

100

Daewoo International Corporation

Branch

Jakarta, West Java

Indonesia

Consumer Financial Services

271.0

100

Daewoo International Taiwan Branch

Branch

Taipei

Taiwan

Consumer Financial Services

1.0

100

Daewoo International Corporation

Subsidiary

New Delhi

India

Consumer Financial Services

1.0

35

Daewoo International Corporation

Branch

Qingdao

China

Electronic Instruments and Controls

1.0

30

Daewoo International Corporation

Branch

Shanghai

China

Consumer Financial Services

 

24

Daewoo Motor

Subsidiary

Samobor

Croatia

Auto and Truck Manufacturers

89.0

23

Daewoo International Singapore Pte. Ltd.

Subsidiary

Singapore

Singapore

Electronic Instruments and Controls

1,031.1

12

Daewoo Italia SRL

Subsidiary

Agrate Brianza, Monza E Brianza

Italy

Electronic Instruments and Controls

150.5

9

Daewoo International Corporation

Branch

Dalian

China

Electronic Instruments and Controls

1.0

8

Daewoo International Panamá S.A.

Subsidiary

Ciudad de Panamá

Panama

Consumer Financial Services

 

8

Daewoo do Brasil Importação

Subsidiary

São Paulo

Brazil

Electronic Instruments and Controls

 

6

Daewoo International Corporation

Branch

Madrid

Spain

Electronic Instruments and Controls

 

5

Daewoo International Corporation

Branch

Sandton

South Africa

Electronic Instruments and Controls

 

3

Daewoo Japan Corporation

Subsidiary

Tokyo

Japan

Miscellaneous Financial Services

438.0

 

Daewoo Japan Corporation-Osaka

Branch

Osaka

Japan

Electronic Instruments and Controls

1.0

40

Daewoo Textile (H.K) Ltd.

Subsidiary

Hong Kong

Hong Kong

Textiles - Non Apparel

1.0

 

Daewoo Int’l (Deutchland) GmbH

Subsidiary

Bad Homburg

Germany

Consumer Financial Services

 

 

Daewoo Shipbuilding & Marine Engineering

Subsidiary

Alimos

Greece

Miscellaneous Capital Goods

 

 

Daewoo International Corp

Subsidiary

Tehran

Iran

Miscellaneous Capital Goods

 

 

Daewoo International Corporation

Subsidiary

Rabat

Morocco

Miscellaneous Capital Goods

 

 

Daewoo International Corporation

Subsidiary

Lumpini, Pathumwan, Bangkok

Thailand

Miscellaneous Capital Goods

 

 

Daewoo International Corporation - Tunis Office

Subsidiary

Tunis

Tunisia

Miscellaneous Capital Goods

 

 

Daewoo International Corporation

Subsidiary

Tashkent

Uzbekistan

Construction Services

 

 

Daewoo International Corporation

Subsidiary

Algiers

Algeria

Miscellaneous Capital Goods

 

 

Daewoo Textile Fergana

Subsidiary

Fergana

Uzbekistan

Apparel and Accessories

 

 

POSCO CHEMTECH COMPANY LTD.

Subsidiary

Pohang-si, Kyungsangbuk-do

Korea, Republic of

Construction - Raw Materials

756,053.1

1,301

Posco Machinery & Engineering Co Ltd

Subsidiary

Pohang, Kyongsangbuk-do

Korea, Republic of

Miscellaneous Fabricated Products

 

1,172

Posteel Co Ltd

Subsidiary

Seoul, Seoul

Korea, Republic of

Iron and Steel

 

602

POSCO Coated & Color Steel Co., Ltd.

Subsidiary

Pohang-si, Kyungbook

Korea, Republic of

Iron and Steel

1,001,774.0

376

Posco-India Private Limited

Subsidiary

Bhubaneswar

India

Iron and Steel

1.0

250

Posco Research Institute

Subsidiary

Seoul, Seoul

Korea, Republic of

Business Services

 

153

Posco Steel Service & Sales Co Ltd

Subsidiary

Seoul

Korea, Republic of

Miscellaneous Capital Goods

1,626,915.0

125

Samhyun Steel Co., Ltd.

Subsidiary

ChangWon-Si, Gyeongsangnam-do

Korea, Republic of

Iron and Steel

173,972.8

114

Posco Power Corporation

Subsidiary

Seoul

Korea, Republic of

Electric Utilities

881,670.9

75

Pos - Thai Steel Service Center Co Ltd

Subsidiary

Muang Chon Buri, Chonburi

Thailand

Construction - Supplies and Fixtures

 

40

Posco Asia Co Ltd

Subsidiary

Hong Kong, Hong Kong

Hong Kong

Miscellaneous Fabricated Products

 

15

Posco Australia

Subsidiary

Sydney, NSW

Australia

Miscellaneous Capital Goods

277.0

8

Posco Canada Ltd

Subsidiary

Vancouver, BC

Canada

Metal Mining

1.1

5

Poscon Company Limited

Subsidiary

Pohang

Korea, Republic of

Scientific and Technical Instruments

254.1

 

POSCO JAPAN Company Limited

Subsidiary

Tokyo

Japan

Iron and Steel

11.7

 

POSCO-JOPC

Subsidiary

Osaka

Japan

Iron and Steel

1.0

 

Dalian Posco-CFM Coated Steel Co.

Subsidiary

Dalian

China

Iron and Steel

1.0

 

Posco Specialty Steel Company Ltd.

Subsidiary

Seoul

Korea, Republic of

Iron and Steel

1.0

 

POSCO Investment Company Limited

Subsidiary

Hong Kong

Hong Kong

Miscellaneous Financial Services

1.0

 

POSMEC

Subsidiary

Pohang

Korea, Republic of

Iron and Steel

1.0

 

Posco-China Holding Corporation

Subsidiary

Beijing

China

Iron and Steel

1.0

 

Zhangjiagang Posco Stainless Steel Co., Ltd.

Subsidiary

Suzhou, Jiang Su

China

Iron and Steel

0.0

 

Pos-Ac Co Ltd

Subsidiary

Seoul, Seoul

Korea, Republic of

Miscellaneous Fabricated Products

 

 

Seungkwang Co Ltd

Subsidiary

Sunchon, Chonnam-do

Korea, Republic of

Recreational Activities

 

 

Posco Machinery Co Ltd

Subsidiary

Kwangyang, Chonnam-do

Korea, Republic of

Business Services

 

 

 

 

Competitors Report


CompanyName

Location

Employees

Ownership

Autoliv Korea

Kyungki-Do, Korea, Republic of

150

Private

Hyundai Corporation

Seoul, Korea, Republic of

290

Public

Inpex Corp

Shibuya-ku, Japan

2,090

Public

Kia Motors Corporation

SEOUL, Korea, Republic of

32,710

Public

Samsung C&T

Seoul, Korea, Republic of

7,191

Public

Ybroad Co Ltd

Seoul, Korea, Republic of

32

Public

 

Board of Directors

 

Name

Title

Function

Source

Byeong Mun Jung

 

Non-Executive Independent Director

Director/Board Member

 

 

Jung Byeong Mun has been Non-Executive Independent Director of Daewoo International Corporation since March 13, 2009. Jung is currently a lawyer of a Korea-based law firm. Previously, Jung was a judge of Suwon District Court. Jung received a Bachelor's degree in Law from Seoul National University, Korea.


Education

LLB , Seoul National University

Pyung Soo Kang

 

Director

Director/Board Member

 

 

Chang Ik Kang

 

Director

Director/Board Member

 

 

Gwang Su Kim

 

Non-Executive Independent Director

Director/Board Member

 

 

 

Kim Gwang Su has been Non-Executive Independent Director of Daewoo International Corporation since March 13, 2009. Kim is currently Non-Executive Independent Director of KDB Financial Group Inc. Previously, Kim served as Vice Chairman at Ernst & Young Han Young and Vice Chairman of Dae Joo Accounting Corporation. Kim received a Bachelor of Business Administration from Korea University and a Master of Business Administration from University of Hawaii, the United States.


Education

MBA , University of Hawaii
BBA , Korea University

Dong Hui Lee

 

Chief Executive Officer, Director

Director/Board Member

 

 

 

Lee Dong Hui has been serving as Chief Executive Officer and Director in Daewoo International Corp. since October 31, 2011. Lee used to work for POSCO as Chief Executive Officer and President. Lee holds a Bachelor of Business Administration from Korea University.


Education

BBA , Korea University

Yeong Nam Ma

 

Vice President, Director

Director/Board Member

 

 

 

Ma Yeong Nam has been Vice President and Director of Daewoo International Corporation since March 13, 2009. Previously, Ma was President of the United States-based company. Ma received a Bachelor of Business Administration from Seoul National University, Korea.


Education

BBA , Seoul National University

Pan Young Park

 

Director

Director/Board Member

 

 

Beom Gye Park

 

Director

Director/Board Member

 

 

Jae Cheol Yoon

 

Non-Executive Independent Director

Director/Board Member

 

 

 

Yoon Jae Cheol has been serving as Non-Executive Independent Director in Daewoo International Corp. since October 1, 2010. Yoon is also Adjunct Professor in Dongguk University, Korea. Yoon holds a Bachelor's degree from Seoul National University, Korea and a Master of Business Administration from Dongguk University, Korea.


Education

MBA , Dongguk University
B , Seoul National University

 

Executives

 

Name

Title

Function

 

Lee Dong-Hee

 

Chief Executive Officer & Vice Chairman

Chief Executive Officer

Dong Hui Lee

 

Chief Executive Officer, Director

Chief Executive Officer

 

Lee Dong Hui has been serving as Chief Executive Officer and Director in Daewoo International Corp. since October 31, 2011. Lee used to work for POSCO as Chief Executive Officer and President. Lee holds a Bachelor of Business Administration from Korea University.


Education

BBA , Korea University

Jae Yong Kim

 

President

President

 

 

Byoung Il Jeon

 

Managing Director-Textile

Division Head Executive

 

 

Hak Soo Kim

 

Managing Director-Chemical

Division Head Executive

 

 

Woo Byung Kyu

 

Managing Director-Metal

Division Head Executive

 

 

Do-Il Park

 

Assistant Manager, Commodity & Agro-Resources Division

Division Head Executive

 

 

SC You

 

General Manager

Division Head Executive

 

 

Sang Cheol Ahn

 

Assistant Managing Director

Managing Director

 

 



B , Seoul National University

Dong Won Bae

 

Assistant Managing Director

Managing Director

 

 


Education

B Food Sciences, Korea University

Muk Ho Chae

 

Assistant Managing Director

Managing Director

 

 


Education

MBA , Michigan University
B Business Administration, Yonsei University

Myeong Gwan Cho

 

Assistant Managing Director

Managing Director

 

 


Education

B Public Administration, Kwangwoon University

Gi Hwa Choi

 

Managing Director

Managing Director

 

 


Education

B Agricultural Economics, Seoul National University

Jeong Won Doh

 

Managing Director

Managing Director

 

 


Education

MBA , Massachusetts Institute of Technology
B Biology, Seoul National University

Sang Mu Doh

 

Assistant Managing Director

Managing Director

 

 


Education

B Public Administration, Kookmin University

Jae Rin Goh

 

Assistant Managing Director

Managing Director

 

 


Education

B Psychology, Korea University

Chan Geon Han

 

Managing Director

Managing Director

 

 


Education

B Mechanical Engineering, Chung-Ang University

Jin Gyun Han

 

Assistant Managing Director

Managing Director

 

 


Education

DS , Korea University
B Geography, Korea University

Sang Gi Hong

 

Assistant Managing Director

Managing Director

 

 


Education

B Industrial Management, Ajou University

Gyu Sik Hong

 

Assistant Managing Director

Managing Director

 

 


Education

B Public Administration, Yonsei University

Du Yeong Hong

 

Assistant Managing Director

Managing Director

 

 


Education

B Spanish, Hankuk University of Foreign Studies

Hong Ju Jin

 

Assistant Managing Director

Managing Director

 

 


Education

B Resource Economics, Seoul National University

Si Bo Ju

 

Assistant Managing Director

Managing Director

 

 


Education

M Mining Engineering, Hanyang University
B Marine Engineering, Pukyong National University

Ji Yeong Jung

 

Assistant Managing Director

Managing Director

 

 


Education

B Industrial Engineering, Korea University

Gi Seop Jung

 

Assistant Managing Director

Managing Director

 

 


Education

B Business Administration, Yonsei University

Tak Jung

 

Assistant Managing Director

Managing Director

 

 


Education

B , Hankuk University of Foreign Studies

Ui Hwan Kang

 

Assistant Managing Director

Managing Director

 

 


Education

B Agricultural Economics, Seoul National University

Seong Sun Kang

 

Assistant Managing Director

Managing Director

 

 


Education

B Business Administration, Sogang University

Yik Kim

 

Managing Director

Managing Director

 

 


Education

B Mechanical Engineering, Hanyang University

Hong Gi Kim

 

Managing Director

Managing Director

 

 

 

Kim Hong Gi has been Managing Director of Daewoo International Corporation since 2009. Kim was Assistant Managing Director at the Company. Kim holds a Bachelor's degree in Law from Yonsei University, Korea.


Education

B Law, Yonsei University

Yeong Sang Kim

 

Managing Director

Managing Director

 

 

 

Kim Yeong Sang has been Managing Director of Daewoo International Corporation since 2009. Kim was Assistant Managing Director at the Company. Kim holds a Bachelor of Business Administration from Seoul National University, Korea.


Education

BBA , Seoul National University

Gap Su Kim

 

Managing Director

Managing Director

 

 


Education

MBA , Boston University
B Business Administration, Yonsei University

Seon Gyu Kim

 

Assistant Managing Director

Managing Director

 

 



B International Trade, Sogang University

Wung Seop Lee

 

Assistant Managing Director

Managing Director

 

 


Education

B English Literature, Korea University

Yong Seok Lee

 

Assistant Managing Director

Managing Director

 

 


Education

B Political Science, Yonsei University

Ho Yeong Lee

 

Assistant Managing Director

Managing Director

 

 


Education

MBA , Seoul National University
B Political Science, Seoul National University

Yil Pyo Lee

 

Assistant Managing Director

Managing Director

 

 


Education

B International Trade, Korea University

Jun Ho Lee

 

Managing Director

Managing Director

 

 

 

Lee Jun Ho has been Managing Director of Daewoo International Corporation since 2009. Lee was Assistant Managing Director at the Company. Lee holds a Bachelor's degree in Construction Engineering from Seoul National University, Korea.


Education

B Construction Engineering, Seoul National University

Yin Hyeong Lee

 

Assistant Managing Director

Managing Director

 

 



B Forestry, Dongguk University

Seung Hun Lee

 

Assistant Managing Director

Managing Director

 

 


Education

B English, Korea University

Chang Sun Lee

 

Assistant Managing Director

Managing Director

 

 


Education

M Finance, Golden Gate University
B Economics, Hanyang University

Gye Yin Lee

 

Assistant Managing Director

Managing Director

 

 


Education

B Economics, Sogang University

Se Cheol Lee

 

Assistant Managing Director

Managing Director

 

 

 

Lee Se Cheol has been Assistant Managing Director of Daewoo International Corporation since 2008. Lee also serves as President for the Company in Kuala Lumpur. Lee holds a Bachelor's degree in Metallurgical Engineering from Seoul National University, Korea.


Education

B Metallurgical Engineering, Seoul National University

Chang Gi Min

 

Assistant Managing Director

Managing Director

 

 

 

Min Chang Gi has been Assistant Managing Director of Daewoo International Corporation since 2008. Currently, Min is also serving as President of a China-based company. Min was Non-Executive Independent Director at TK CHEMICAL CORP. Min received a Bachelor's degree in Sociology from Sungkyunkwan University, Korea.


Education

B Sociology, Sungkyunkwan University

Han Heung Nah

 

Assistant Managing Director

Managing Director

 

 


Education

LLM , Yonsei University
B Accounting, Kyonggi University

Myeong Wu Nam

 

Assistant Managing Director

Managing Director

 

 


Education

MBA , Yonsei University
BBA , Yonsei University

Cheol Sun Nam

 

Assistant Managing Director

Managing Director

 

 


Education

B Agricultural Economics, Seoul National University

Jeong Eun Nam

 

Managing Director

Managing Director

 

 


Education

B Chinese, Yonsei University

Jong Hyeon Noh

 

Assistant Managing Director

Managing Director

 

 


Education

B , Kyungpook National University

Byeong Yin Noh

 

Assistant Managing Director

Managing Director

 

 


Education

B English, Yonsei University

Seong Hyeon Park

 

Managing Director

Managing Director

 

 


Education

B German, Seoul National University

Min Ang Park

 

Assistant Managing Director

Managing Director

 

 


Education

B English, Korea University

Seung Jae Shin

 

Assistant Managing Director

Managing Director

 

 


Education

MBA , Pohang University of Science and Technology
B Mechanical Engineering, Hanyang University

Yeong Gwon Shin

 

Managing Director

Managing Director

 

 


Education

MBA , Korea Advanced Institute of Science & Technology
BPA , Chonbuk National University

Yu Jun Won

 

Assistant Managing Director

Managing Director

 

 


Education

B Political Science, Sungkyunkwan University

Su Yeong Yang

 

Managing Director

Managing Director

 

 


Education

DS , Texas A&M University
B , Seoul National University

Jong Yin Yim

 

Managing Director

Managing Director

 

 


Education

B Spanish, Hankook University of Foreign Studies

Seong Su Yim

 

Assistant Managing Director

Managing Director

 

 


Education

M English and Education, Seoul National University
B English and Education, Seoul National University

Deok Sang Yoo

 

Assistant Managing Director

Managing Director

 

 


Education

B Economics, Yonsei University

Seok Hwan Yoon

 

Managing Director

Managing Director

 

 

 

Yoon Seok Hwan has been Managing Director of Daewoo International Corporation since 2009. Yoon was Assistant Managing Director at the Company. Yoon received a Bachelor's degree in International Trade from Hankook University of Foreign Studies, Korea.


Education

B Interational Trade, Hankook University of Foreign Studies

Gyeong Taek Yoon

 

Assistant Managing Director

Managing Director

 

 


Education

B Business Administration, Sogang University

WJ Park

 

CFO

Finance Executive

 

 

Hong Soo Seol

 

Executive Vice President-Finance & Accounts

Finance Executive

 

 

Dong Ho Yim

 

Chief Auditing Officer

Finance Executive

 

 

KH Lee

 

Marketing Director

Marketing Executive

 

 

KS Koh

 

Business Development Director

Business Development Executive

 

 

Byung Eun Yoon

 

Vice President-Business Planning

Planning Executive

 

 

Won Seok Jang

 

Senior Vice President-Risk Management

Insurance Executive

 

 

Chan Kum Han

 

Senior Vice President

Other

 

 

Yang Yeon Hwang

 

Senior Executive Vice President-Business I

Other

 

 

Byeong Yil Jeon

 

Vice President

Other

 

 

 

Jeon Byeong Yil has been serving as Vice President of Daewoo International Corporation since February 1, 2010. Jeon was Assistant Managing Director and Managing Director at the Company. Jeon holds a Bachelor's degree in Mechanical Engineering from Seoul National University, Korea.


Education

B Mechanical Engineering, Seoul National University

Chang Rae Kim

 

Senior Executive Vice President-Business II

Other

 

 

Ki Seog Kim

 

Senior Vice President

Other

 

 

Duck Soo Kim

 

Senior Vice President

Other

 

 

Woo Jin Lee

 

Executive Vice President

Other

 

 

Jong Ki No

 

Senior Vice President

Other

 

 

Jeong Hwan Park

 

Vice President

Other

 

 

 

Park Jeong Hwan has been Vice President of Daewoo International Corporation since 2010. Previously, Park was Managing Director and Assistant Managing Director at the Company. Park holds a Bachelor's degree in Economics from Yonsei University, Korea.


Education (Source: RT )

B Economics, Yonsei University

Jeong Hwan Park

 

Vice President

Other

 

 

Hong Su Sul

 

Vice President

Other

 

 

 

Sul Hong Su has been Vice President of Daewoo International Corporation since February 1, 2010. Prior to the current position, Sul was Assistant Managing Director and Managing Director of the Company. Sul received a Bachelor's degree in Mathematics from Seoul National University, Korea.


Education

M Real Estate, Dongguk University
B Mathematics, Seoul National University

Chae Mun Yim

 

Vice President

Other

 

 

 

Yim Chae Mun has been Vice President of Daewoo International Corporation since 2006. Previously, Yim was Managing Director of the Company. Yim holds a Bachelor's degree in Agricultural Economics from Seoul National University, Korea.


Education

B Agricultural Economics, Seoul National University

 

 

Significant Developments

 

 

Daewoo International Corporation Declares Annual Cash Dividend for FY 2011

Jan 17, 2012


Daewoo International Corporation announced that it has declared an annual cash dividend of KRW 200 per share of common stock to shareholders of record on December 31, 2011, for the fiscal year 2011. The dividend rate of market price is 0.7% and the total amount of the cash dividend is KRW 20,636,163,000.

Daewoo International Corporation Adjusts Conversion Price of Fourth Convertible Bonds

Dec 27, 2011


Daewoo International Corporation announced that it has adjusted the conversion price of its fourth convertible bonds to KRW 28,800 from KRW 31,269 per share, effective December 24, 2011.

Daewoo International Corporation Announces Resignation of Co-CEO

Oct 31, 2011


Daewoo International Corporation announced that its Co-Chief Executive Officer (Co-CEO), Kim Jae Yong, has resigned from the Company, effective October 31, 2011. The current Co-CEO, Lee Dong Hui, continues his duty as Chief Executive Officer at the Company.

Daewoo International Corporation Decides Issuance of Commercial Paper

Jul 22, 2011


Daewoo International Corporation announced that it has decided to issue KRW 100 billion worth of commercial paper, to secure short-term operation funds.

Daewoo International Corporation to Acquire PT. Bio Inti Agrindo (Indonesia)

Apr 26, 2011


Daewoo International Corporation announced that it will acquire 8,500 shares of PT. Bio Inti Agrindo, an Indonesia-based agriculture company, representing an 85% stake, for KRW 56,988,750,000, to produce crude palm oil. The transaction will be settled on December 31, 2018.

Daewoo International Corporation Announces Changes in Shareholding Structure

Apr 11, 2011


Daewoo International Corporation announced that National Pension Service has acquired 6,260,179 shares of the Company, representing a 6.10% stake.

Daewoo International Corporation Announces Lawsuit Filed by France-based Company

Mar 29, 2011


Daewoo International Corporation announced that a France-based company has filed a lawsuit against the Company, claiming for KRW 114,085,184,604 in return of damage payment.

Daewoo International Corporation Adjusts Conversion Price of Fourth Convertible Bonds

Mar 18, 2011


Daewoo International Corporation announced that it has adjusted the conversion price of its fourth convertible bonds to KRW 31,269 from KRW 31,450 per share, effective March 18, 2011.

 

 

Annual Income Statement

 

 

 

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Sales

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

Revenue

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

Total Revenue

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

 

 

 

 

 

 

Cost of Revenue

15,164,135.9

10,731,997.1

10,638,941.7

7,646,599.4

6,308,108.9

Cost of Revenue, Total

15,164,135.9

10,731,997.1

10,638,941.7

7,646,599.4

6,308,108.9

Gross Profit

947,669.7

811,858.9

787,422.7

568,847.2

538,707.2

 

 

 

 

 

 

Selling/General/Administrative Expense

592,703.5

654,971.7

664,785.7

484,775.0

445,803.4

Labor & Related Expense

153,192.0

-

-

-

-

Advertising Expense

10,814.0

-

-

-

-

Total Selling/General/Administrative Expenses

756,709.5

654,971.7

664,785.7

484,775.0

445,803.4

Research & Development

337.0

-

-

-

-

Depreciation

7,284.0

-

-

-

-

Amortization of Intangibles

1,687.0

-

-

-

-

Depreciation/Amortization

8,971.0

-

-

-

-

Total Operating Expense

15,930,153.4

11,386,968.8

11,303,727.4

8,131,374.4

6,753,912.3

 

 

 

 

 

 

Operating Income

181,652.2

156,887.2

122,637.0

84,072.2

92,903.8

 

 

 

 

 

 

Interest Expense - Non-Operating

-50,919.0

-48,760.8

-11,557.1

-33,282.9

-34,814.0

Interest Expense, Net Non-Operating

-50,919.0

-48,760.8

-11,557.1

-33,282.9

-34,814.0

Interest Income - Non-Operating

9,488.9

12,816.8

12,548.3

12,938.1

16,079.9

Investment Income - Non-Operating

363,147.9

396,281.2

225,567.6

188,697.7

183,987.6

Interest/Investment Income - Non-Operating

372,636.9

409,098.0

238,115.9

201,635.8

200,067.5

Interest Income (Expense) - Net Non-Operating Total

321,717.9

360,337.2

226,558.8

168,352.9

165,253.5

Gain (Loss) on Sale of Assets

-266,115.2

-275,426.3

-281,135.4

-125,802.2

-101,349.1

Other Non-Operating Income (Expense)

-131,543.9

-58,212.2

29,199.9

-1,860.3

2,691.6

Other, Net

-131,543.9

-58,212.2

29,199.9

-1,860.3

2,691.6

Income Before Tax

105,711.1

183,586.0

97,260.3

124,762.5

159,499.8

 

 

 

 

 

 

Total Income Tax

-13,321.9

52,675.5

18,642.1

27,446.7

47,460.5

Income After Tax

119,032.9

130,910.5

78,618.2

97,315.8

112,039.4

 

 

 

 

 

 

Minority Interest

3,687.8

455.7

7,197.3

3,966.3

-141.2

Net Income Before Extraord Items

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

Net Income

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

100.8

100.8

100.8

100.8

100.8

Basic EPS Excl Extraord Items

1,217.00

1,303.58

851.57

1,005.05

1,110.39

Basic/Primary EPS Incl Extraord Items

1,217.00

1,303.58

851.57

1,005.05

1,110.39

Dilution Adjustment

0.0

0.0

0.0

0.0

-

Diluted Net Income

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

Diluted Weighted Average Shares

100.9

100.9

100.9

101.0

101.0

Diluted EPS Excl Extraord Items

1,216.09

1,302.58

850.13

1,002.58

1,107.66

Diluted EPS Incl Extraord Items

1,216.09

1,302.58

850.13

1,002.58

1,107.66

Dividends per Share - Common Stock Primary Issue

200.00

48.54

47.13

329.91

282.78

Gross Dividends - Common Stock

20,211.0

4,892.0

4,749.0

33,246.0

28,497.0

Interest Expense, Supplemental

50,919.0

48,760.8

11,557.1

33,282.9

34,814.0

Interest Capitalized, Supplemental

-22,085.0

-20,245.0

-17,137.0

-3,999.0

-

Depreciation, Supplemental

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Total Special Items

266,115.2

275,426.3

281,135.4

125,802.2

101,349.1

Normalized Income Before Tax

371,826.2

459,012.3

378,395.8

250,564.8

260,848.9

 

 

 

 

 

 

Effect of Special Items on Income Taxes

93,140.3

79,026.8

53,885.9

27,675.4

30,157.2

Inc Tax Ex Impact of Sp Items

79,818.4

131,702.3

72,528.0

55,122.1

77,617.7

Normalized Income After Tax

292,007.8

327,309.9

305,867.8

195,442.6

183,231.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

295,695.6

327,765.6

313,065.1

199,409.0

183,090.0

 

 

 

 

 

 

Basic Normalized EPS

2,932.35

3,252.50

3,106.62

1,978.78

1,816.84

Diluted Normalized EPS

2,930.17

3,250.00

3,101.36

1,973.92

1,812.38

Amort of Intangibles, Supplemental

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

Rental Expenses

15,218.0

14,628.0

13,189.0

12,413.0

-

Advertising Expense, Supplemental

10,814.0

8,567.0

12,882.0

3,033.0

-

Research & Development Exp, Supplemental

337.0

521.0

341.0

360.0

216.0

Normalized EBIT

181,652.2

156,887.2

122,637.0

84,072.2

92,903.8

Normalized EBITDA

218,001.4

193,716.9

158,846.0

117,042.2

114,399.5

 

 

Annual Balance Sheet

 

 

 

Financials in: KRW (mil)

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Cash & Equivalents

424,699.8

975,047.5

324,222.1

226,619.9

137,612.2

Short Term Investments

33,488.9

14,339.5

27,320.6

85,754.2

133,010.3

Cash and Short Term Investments

458,188.7

989,386.9

351,542.8

312,374.1

270,622.4

Accounts Receivable - Trade, Gross

1,103,523.5

762,879.8

681,943.1

473,698.4

551,105.7

Provision for Doubtful Accounts

-48,823.8

-43,631.3

-49,842.8

-41,838.9

-43,888.0

Trade Accounts Receivable - Net

1,056,194.9

722,546.8

632,174.7

433,559.2

507,699.9

Other Receivables

116,999.8

42,444.6

56,971.7

39,505.2

44,537.7

Total Receivables, Net

1,173,194.7

764,991.4

689,146.4

473,064.4

552,237.7

Inventories - Finished Goods

759,483.3

336,982.6

330,008.0

222,916.0

238,879.7

Inventories - Work In Progress

17,260.6

16,268.7

19,888.9

17,637.4

14,748.7

Inventories - Raw Materials

47,287.4

35,363.4

48,762.3

38,556.6

24,242.1

Inventories - Other

292,854.3

106,613.3

112,739.7

114,916.6

119,031.4

Total Inventory

1,116,885.6

495,228.0

511,398.9

394,026.6

396,902.0

Prepaid Expenses

5,476.3

15,465.9

14,280.0

11,578.5

7,988.3

Deferred Income Tax - Current Asset

42,180.7

37,613.2

59,159.5

35,802.1

32,557.1

Other Current Assets

84,368.6

53,484.5

34,029.1

12,219.1

13,095.2

Other Current Assets, Total

126,549.3

91,097.7

93,188.6

48,021.2

45,652.2

Total Current Assets

2,880,294.6

2,356,169.9

1,659,556.5

1,239,064.8

1,273,402.6

 

 

 

 

 

 

Buildings

320,395.1

317,845.6

328,675.0

271,956.2

251,671.7

Land/Improvements

85,453.6

85,819.6

32,518.3

31,984.9

31,181.5

Machinery/Equipment

435,381.9

551,271.9

580,939.7

445,886.9

379,992.4

Construction in Progress

29,876.0

6,337.6

566.1

909.7

3,894.4

Property/Plant/Equipment - Gross

871,106.5

961,274.6

942,699.2

750,737.8

666,739.9

Accumulated Depreciation

-319,761.9

-303,477.1

-304,494.4

-228,537.6

-199,854.9

Property/Plant/Equipment - Net

551,344.6

657,797.5

638,204.8

522,200.2

466,885.0

Goodwill, Net

0.0

154.9

361.4

567.9

774.4

Intangibles, Net

170,422.3

71,882.0

80,812.1

42,778.7

43,409.0

LT Investment - Affiliate Companies

1,280,694.7

1,008,970.2

618,132.3

608,274.3

452,591.3

LT Investments - Other

103,705.2

85,238.9

73,189.6

60,888.2

41,069.8

Long Term Investments

1,384,399.9

1,094,209.1

691,321.9

669,162.5

493,661.1

Note Receivable - Long Term

65,469.8

35,079.9

1,857.8

24,798.8

20.6

Deferred Income Tax - Long Term Asset

5,785.4

2,623.3

215.6

74.7

0.0

Other Long Term Assets

593,944.1

477,516.0

404,380.9

263,454.7

195,643.4

Other Long Term Assets, Total

599,729.5

480,139.3

404,596.5

263,529.4

195,643.4

Total Assets

5,651,660.8

4,695,432.7

3,476,710.9

2,762,102.2

2,473,796.1

 

 

 

 

 

 

Accounts Payable

1,160,513.1

1,189,213.4

725,116.5

618,346.3

563,602.7

Accrued Expenses

27,470.0

11,566.7

12,018.7

17,005.2

45,629.7

Notes Payable/Short Term Debt

873,880.7

612,325.9

715,394.7

341,294.2

224,544.8

Current Portion - Long Term Debt/Capital Leases

393,743.5

18,587.8

39,557.5

71,967.6

28,363.2

Dividends Payable

-

-

-

0.0

1,375.0

Customer Advances

76,293.5

84,466.2

66,818.2

34,156.8

35,651.8

Security Deposits

3,058.5

222.7

213.7

58.3

58.1

Income Taxes Payable

5,149.7

12,033.1

38,742.7

366.7

13,735.6

Other Current Liabilities

122,807.1

103,276.0

110,056.9

56,939.5

141,475.0

Other Current liabilities, Total

207,308.8

199,997.9

215,831.6

91,521.4

192,295.6

Total Current Liabilities

2,662,916.1

2,031,691.6

1,707,919.0

1,140,134.8

1,054,436.1

 

 

 

 

 

 

Long Term Debt

922,704.5

794,242.3

279,900.6

262,256.6

350,262.4

Capital Lease Obligations

37,599.2

45,624.1

70,286.9

55,048.2

0.0

Total Long Term Debt

960,303.6

839,866.4

350,187.4

317,304.8

350,262.4

Total Debt

2,227,927.8

1,470,780.0

1,105,139.7

730,566.7

603,170.5

 

 

 

 

 

 

Deferred Income Tax - LT Liability

134,665.1

130,507.8

46,380.4

72,277.8

38,772.6

Deferred Income Tax

134,665.1

130,507.8

46,380.4

72,277.8

38,772.6

Minority Interest

3,895.5

9,768.1

11,411.7

15,174.8

16,399.8

Reserves

130,802.4

118,308.7

127,683.0

94,812.3

89,143.3

Pension Benefits - Underfunded

10,422.8

973.4

1,184.6

217.4

165.1

Other Long Term Liabilities

163,694.9

174,700.7

175,145.8

140,351.7

26,655.2

Other Liabilities, Total

304,920.1

293,982.8

304,013.5

235,381.3

115,963.6

Total Liabilities

4,066,700.5

3,305,816.6

2,419,912.0

1,780,273.5

1,575,834.5

 

 

 

 

 

 

Common Stock

505,273.2

489,192.2

474,943.9

474,943.9

474,943.9

Common Stock

505,273.2

489,192.2

474,943.9

474,943.9

474,943.9

Additional Paid-In Capital

24,829.4

19,244.9

1,401.8

1,294.1

1,294.1

Retained Earnings (Accumulated Deficit)

763,965.0

660,893.6

548,525.2

500,969.0

426,566.5

Unrealized Gain (Loss)

228,195.6

161,995.2

-30,389.0

8,523.6

11,982.5

Translation Adjustment

62,984.9

57,995.8

61,488.0

-5,071.9

-15,242.5

Other Equity

-287.8

294.3

829.0

1,170.0

-1,582.9

Other Equity, Total

62,697.1

58,290.1

62,317.0

-3,901.9

-16,825.4

Total Equity

1,584,960.3

1,389,616.0

1,056,798.9

981,828.6

897,961.7

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

5,651,660.8

4,695,432.7

3,476,710.9

2,762,102.2

2,473,796.1

 

 

 

 

 

 

Shares Outstanding - Common Stock Primary Issue

101.1

100.8

100.8

100.8

100.8

Total Common Shares Outstanding

101.1

100.8

100.8

100.8

100.8

Treasury Shares - Common Stock Primary Issue

0.0

0.0

0.0

0.0

0.0

Employees

1,796

1,431

1,486

1,494

1,503

Number of Common Shareholders

45,691

40,785

37,135

44,406

38,819

Deferred Revenue - Current

76,293.5

84,466.2

66,818.2

34,156.8

35,651.8

Total Long Term Debt, Supplemental

866,844.0

327,395.0

346,695.0

372,157.0

436,433.2

Long Term Debt Maturing within 1 Year

393,743.0

18,588.0

39,557.0

71,967.0

28,363.2

Long Term Debt Maturing in Year 2

39,115.0

51,433.0

71,542.0

59,667.0

94,521.0

Long Term Debt Maturing in Year 3

78,625.0

54,140.0

47,592.0

63,137.0

52,940.0

Long Term Debt Maturing in Year 4

133,874.0

72,754.0

45,722.0

38,776.0

56,543.0

Long Term Debt Maturing in Year 5

77,325.0

47,734.0

44,021.0

39,049.0

32,384.0

Long Term Debt Maturing in 2-3 Years

117,740.0

105,573.0

119,134.0

122,804.0

147,461.0

Long Term Debt Maturing in 4-5 Years

211,199.0

120,488.0

89,743.0

77,825.0

88,927.0

Long Term Debt Matur. in Year 6 & Beyond

144,162.0

82,746.0

98,261.0

99,561.0

171,682.0

Total Operating Leases, Supplemental

-

-

46.0

56.0

-

Operating Lease Payments Due in Year 1

-

-

46.0

56.0

-

Oper. Lse. Pymts. Due in Year 6 & Beyond

-

-

0.0

0.0

-

 

 

Annual Cash Flows

 

 

 

Financials in: KRW (mil)

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Reclassified Normal
31-Dec-2008

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

119,032.9

130,910.5

78,618.2

97,315.8

112,039.4

Depreciation

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Depreciation/Depletion

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Amortization of Intangibles

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

Amortization

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

Deferred Taxes

-26,039.9

44,762.0

-33,058.7

22,156.5

23,632.4

Unusual Items

203,629.2

55,533.1

83,768.8

57,914.8

30,388.0

Equity in Net Earnings (Loss)

-198,058.0

-152,941.0

-70,718.8

-108,004.8

-102,556.4

Other Non-Cash Items

46,647.9

69,136.6

66,157.9

13,262.2

-10,768.1

Non-Cash Items

52,219.0

-28,271.3

79,208.0

-36,827.7

-82,936.5

Accounts Receivable

-429,085.1

-174,194.1

-245,817.1

54,422.3

-11,310.1

Inventories

-604,323.0

29,442.1

-130,732.3

7,761.6

-114,657.5

Prepaid Expenses

4,547.7

95.5

-594.3

2,283.5

4,815.8

Other Assets

27,489.7

50,415.0

35,163.6

4,144.1

-16,522.6

Accounts Payable

-20,309.3

505,690.6

93,208.0

41,843.0

39,631.2

Accrued Expenses

7,743.3

6,053.0

-5,193.1

-48,317.5

-989.5

Taxes Payable

-6,911.9

-26,506.9

37,438.3

-13,589.9

11,912.8

Other Liabilities

-14,425.5

-10,815.0

32,056.8

-10,828.1

24,814.1

Other Operating Cash Flow

63,927.2

49,926.6

51,483.7

24,824.4

13,561.9

Changes in Working Capital

-971,346.8

430,107.0

-132,986.4

62,543.4

-48,744.0

Cash from Operating Activities

-789,785.6

614,337.9

27,990.1

178,157.9

25,486.9

 

 

 

 

 

 

Purchase of Fixed Assets

-62,016.3

-64,204.5

-11,418.6

-9,281.9

-7,656.3

Purchase/Acquisition of Intangibles

-241,730.1

-143,458.1

-149,789.8

-102,893.3

-71,587.0

Capital Expenditures

-303,746.4

-207,662.6

-161,208.4

-112,175.2

-79,243.3

Sale of Fixed Assets

28,601.2

1,037.7

2,105.6

8,615.3

7,539.9

Sale/Maturity of Investment

21,245.0

34,601.0

414,416.7

196,546.3

150,007.6

Purchase of Investments

-179,381.0

-146,885.4

-408,362.2

-244,414.3

-99,056.8

Sale of Intangible Assets

-

2,508.8

-

-

-

Other Investing Cash Flow

-23,120.6

12,932.8

-2,272.5

-3,584.2

-2,071.0

Other Investing Cash Flow Items, Total

-152,655.4

-95,805.1

5,887.7

-42,836.9

56,419.7

Cash from Investing Activities

-456,401.9

-303,467.7

-155,320.8

-155,012.0

-22,823.6

 

 

 

 

 

 

Other Financing Cash Flow

-7,581.2

-58,964.3

-40,483.3

3,896.2

-40,000.3

Financing Cash Flow Items

-7,581.2

-58,964.3

-40,483.3

3,896.2

-40,000.3

Total Cash Dividends Paid

-4,891.9

-4,749.4

-33,246.1

-4,530.4

-2,012.7

Short Term Debt Issued

262,841.3

-

323,938.1

120,379.7

187,976.8

Short Term Debt Reduction

-3,799.7

-106,974.6

-

-

-159,864.5

Short Term Debt, Net

259,041.7

-106,974.6

323,938.1

120,379.7

28,112.3

Long Term Debt Issued

459,381.3

558,636.9

26,401.3

11,894.8

4,408.5

Long Term Debt Reduction

-5,846.9

-44,029.9

-56,027.0

-66,659.6

-42,295.0

Long Term Debt, Net

453,534.4

514,607.1

-29,625.7

-54,764.8

-37,886.5

Issuance (Retirement) of Debt, Net

712,576.0

407,632.5

294,312.4

65,614.9

-9,774.2

Cash from Financing Activities

700,102.9

343,918.7

220,583.0

64,980.8

-51,787.2

 

 

 

 

 

 

Foreign Exchange Effects

-4,341.7

-4,047.2

4,174.1

610.0

474.3

Net Change in Cash

-550,426.3

650,741.7

97,426.4

88,736.7

-48,649.7

 

 

 

 

 

 

Net Cash - Beginning Balance

975,141.0

324,399.3

226,972.9

138,236.2

186,885.9

Net Cash - Ending Balance

424,714.8

975,141.0

324,399.3

226,972.9

138,236.2

 

 

Annual Income Statement

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Sales

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

Total Revenue

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

 

 

 

 

 

 

Cost of Revenue

15,164,135.9

10,731,997.1

10,638,941.7

7,646,599.4

6,308,108.9

Selling/General/Adm.

-

654,971.7

664,785.7

484,775.0

445,803.4

Salaries & Wages

114,434.0

-

-

-

-

Salaries & Retirement Allowance

13,117.0

-

-

-

-

Employee Benefits

25,638.0

-

-

-

-

Compensation Expenses Associated with St

3.0

-

-

-

-

Travel Expense

10,870.0

-

-

-

-

Communication Expense

4,229.0

-

-

-

-

Utility Expenses

1,024.0

-

-

-

-

Taxes & Dues

10,103.0

-

-

-

-

Rental Expenses

15,218.0

-

-

-

-

Depreciation

7,284.0

-

-

-

-

Amortization of Intangible Assets

1,687.0

-

-

-

-

Expenses of Allowance for Doubtful Accou

8,348.0

-

-

-

-

Repair Expenses

1,263.0

-

-

-

-

Insurance Expense

16,556.0

-

-

-

-

Entertainment Expenses

3,027.0

-

-

-

-

Advertising Expenses

2,219.0

-

-

-

-

Packaging Expense

262.0

-

-

-

-

Freight Expenses

368,498.0

-

-

-

-

Export Expenses

28,861.0

-

-

-

-

Commissions

107,344.0

-

-

-

-

Supply Expenses

1,703.0

-

-

-

-

Vehicle Maintenance Expenses

3,652.0

-

-

-

-

Publication Expenses

637.0

-

-

-

-

Training Expenses

1,266.0

-

-

-

-

Development Expenses

337.0

-

-

-

-

Sales Promotional Expenses

8,595.0

-

-

-

-

Expo Exspenses

356.0

-

-

-

-

Sample Expenses

3,047.0

-

-

-

-

Miscellaneous Expenses

2,918.0

-

-

-

-

Other Selling and Administrative Expense

3,521.0

-

-

-

-

Adjustment

0.5

-

-

-

-

Total Operating Expense

15,930,153.4

11,386,968.8

11,303,727.4

8,131,374.4

6,753,912.3

 

 

 

 

 

 

Interest Income

9,488.9

12,816.8

12,548.3

12,938.1

16,079.9

Dividend Income

2,246.3

135.9

2,084.7

5,175.5

2,443.5

Rental Income

13.8

15.6

25.7

13.1

21.5

G-Tang Asst Disposal

1,002.7

734.4

205.9

273.4

80.8

Recovery-Contingency Loss Reserve

7,456.8

5,863.8

-

459.4

0.0

G-Currency Contract Settlement Valuation

-

-

3,726.8

-

-

Gain-Commodity Futures Transaction

180,615.5

163,763.5

186,124.7

89,866.9

73,422.8

G-Commodity Future Valu

22,222.0

20,030.0

13,112.1

4,373.0

5,275.6

G-Currency Futr Trade

167,874.6

114,933.0

143,635.4

27,925.9

30,260.3

G-Currency Futr Valu

29,544.8

20,463.0

11,439.0

3,434.7

3,903.7

G-Inv.Asset Disposal

-

15,768.3

10,606.4

12,596.7

10,450.9

Gain-Foreign Exchange Transaction

425,445.3

406,103.9

559,795.5

94,878.2

91,006.1

Gain-Foreign Currency Translation

43,299.5

48,151.8

107,530.1

19,625.0

26,531.8

Revers-Doubtful Acct

343.0

3,830.9

2,336.6

0.0

1,356.5

Fees Received

38.2

2,144.5

938.2

590.1

859.9

Gain-Valuation of Contracts-Settlement

131,506.6

88,392.0

-

-

-

Gain-Merchandise Settlement Valuation

-

-

68,819.1

29,996.1

11,488.8

Gain on disposal of Subsidiaries

-

6,139.2

-

-

-

Other Non-Operating Income

2,047.6

5,843.6

36,691.2

7,132.6

11,067.0

Interest Expense, Non-Operating

-50,919.0

-48,760.8

-11,557.1

-33,282.9

-34,814.0

L-Trade Rcvbl Disposal

-52,729.5

-65,526.4

-70,445.1

-42,666.4

-43,017.2

Loss-Reduction of Intangible Assets

-

-

-

-4,374.9

0.0

Loss-Valuation of Inventories

-

-802.2

-6,553.7

-393.4

-496.0

L-Tang.Asst Disposal

-280.8

-132.6

-406.8

-51.1

-1,669.7

Loss-Reduction of Tangible Assets

-126,014.5

-790.7

-6,956.9

-689.1

-

L-Commodity Futures Valu

-54,165.1

-37,744.6

-37,528.1

-11,063.3

-8,968.6

L-Currency Futures Trade

-166,236.1

-88,253.2

-135,989.1

-53,621.9

-23,604.0

L-Commodity Futures Trade

-214,107.6

-210,501.7

-210,489.5

-83,358.1

-56,742.9

L-Currency Futr Valu

-20,812.4

-26,479.5

-15,216.7

-3,174.5

-5,726.9

Loss-Foreign Exchange Transaction

-425,863.0

-427,569.5

-626,028.0

-85,433.8

-100,025.2

Loss-Foreign Currency Translation

-41,218.6

-39,577.9

-86,010.2

-21,533.3

-10,084.2

Loss-Reduction of Investment Assets

-3,355.1

-19,322.7

-3,468.7

-

-

Loss-Disposal of Investment Assets

-1,846.6

-1,460.6

-

-375.3

-148.6

L-Liab.Redemption

-

-757.2

-110.0

-93.9

-598.1

L-Merchandise Settlement Valuation

-

-

-26,935.5

-26,894.8

-24,447.3

Other Amortization

-15,679.1

-29,576.7

-378.8

0.0

-1,162.6

Donations Paid

-1,352.7

-2,087.9

-613.4

-378.9

-278.0

Reserve-Recovery

-176.3

-101.4

-

-

-

Contingency Loss

-17,433.4

-2,297.4

-2,610.7

-2,579.8

-2,473.5

L-Currency Contract Settlement Valuation

-

-

-7,338.1

-

-

Loss-Valuation of Confirmed Contracts

-98,515.2

-35,344.3

-

-

-

Other Non-Operating Expense

-8,286.6

-5,745.9

-7,078.9

-7,002.9

-6,101.0

Gain under Equity Method

203,794.4

155,454.8

74,796.5

110,435.2

104,222.9

Loss under Equity Method

-3,889.8

-1,053.2

-4,077.8

-2,055.1

-1,517.9

Net Income Before Taxes

105,711.1

183,586.0

97,260.3

124,762.5

159,499.8

 

 

 

 

 

 

Provision for Income Taxes

-13,321.9

52,675.5

18,642.1

27,446.7

47,460.5

Net Income After Taxes

119,032.9

130,910.5

78,618.2

97,315.8

112,039.4

 

 

 

 

 

 

Minority Interest

3,687.8

455.7

7,197.3

3,966.3

-141.2

Net Income Before Extra. Items

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

Net Income

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Income Available to Com Excl E

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Income Available to Com Incl E

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Basic Weighted Average Shares

100.8

100.8

100.8

100.8

100.8

Basic EPS Excluding ExtraOrdin

1,217.00

1,303.58

851.57

1,005.05

1,110.39

Basic EPS Including ExtraOrdin

1,217.00

1,303.58

851.57

1,005.05

1,110.39

Dilution Adjustment

0.0

0.0

0.0

0.0

-

Diluted Net Income

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

Diluted Weighted Average Share

100.9

100.9

100.9

101.0

101.0

Diluted EPS Excluding ExtraOrd

1,216.09

1,302.58

850.13

1,002.58

1,107.66

Diluted EPS Including ExtraOrd

1,216.09

1,302.58

850.13

1,002.58

1,107.66

DPS-Common Stock

200.00

48.54

47.13

329.91

282.78

Gross Dividends - Common Stock

20,211.0

4,892.0

4,749.0

33,246.0

28,497.0

Normalized Income Before Taxes

371,826.2

459,012.3

378,395.8

250,564.8

260,848.9

 

 

 

 

 

 

Inc Tax Ex. Impact of Sp Items

79,818.4

131,702.3

72,528.0

55,122.1

77,617.7

Normalized Income After Taxes

292,007.8

327,309.9

305,867.8

195,442.6

183,231.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

295,695.6

327,765.6

313,065.1

199,409.0

183,090.0

 

 

 

 

 

 

Basic Normalized EPS

2,932.35

3,252.50

3,106.62

1,978.78

1,816.84

Diluted Normalized EPS

2,930.17

3,250.00

3,101.36

1,973.92

1,812.38

Interest Expense

50,919.0

48,760.8

11,557.1

33,282.9

34,814.0

Interest Capitalized

-22,085.0

-20,245.0

-17,137.0

-3,999.0

-

Rental Expense

15,218.0

14,628.0

13,189.0

12,413.0

-

Advertising Expense

10,814.0

8,567.0

12,882.0

3,033.0

-

Research & Development, Supplemental

337.0

521.0

341.0

360.0

216.0

Depreciation

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Amort of Intangibles, Suppleme

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

 

 

Annual Balance Sheet

 

 

 

Financials in: KRW (mil)

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Cash/Equivalents

424,699.8

975,047.5

324,222.1

226,619.9

137,612.2

ST Finl Assets

33,488.3

14,334.1

27,265.8

85,726.6

132,996.6

Marketable Secs.

0.6

5.4

54.8

27.6

13.7

ST Loans

3,485.2

12,057.4

17,410.0

8,299.2

2,119.4

Trade Rcvbls,G

1,103,523.5

762,879.8

681,943.1

473,698.4

551,105.7

Allw-Doubtful Ac

-48,823.8

-43,631.3

-49,842.8

-41,838.9

-43,888.0

Othert Rcvbls

113,514.6

30,387.2

39,561.7

31,206.0

42,418.4

Advance Payments

141,991.1

54,830.9

27,212.7

45,340.4

36,970.6

Prepaid Expense

5,476.3

15,465.9

14,280.0

11,578.5

7,988.3

Guarantee Deposit

1,752.5

344.3

707.8

514.1

251.0

Currency Futures

32,458.7

20,639.6

11,439.0

3,434.7

3,903.7

Accrued Income

1,495.2

3,298.3

74.4

1,699.7

482.3

Other Quick Asst

-

-

-

1,031.3

96.2

Commodity Futures

22,227.2

20,030.0

13,112.1

4,348.8

5,275.6

Deferred Income Tax

42,180.7

37,613.2

59,159.5

35,802.1

32,557.1

Contracts on Settlement

27,930.2

12,470.6

-

-

-

Merchandise Contracts on Settlement

-

-

7,067.5

2,890.2

3,568.7

Currency Contracts on Settlement

-

-

1,702.7

-

-

Merchandise

733,853.4

322,953.8

307,545.5

206,727.2

213,370.5

Finished Goods

25,629.8

14,028.8

22,462.5

16,188.8

25,509.2

Semi-finish Good

9,790.1

10,373.1

12,463.5

10,284.9

10,769.9

Work in Progress

7,470.5

5,895.7

7,425.3

7,352.5

3,978.8

Raw Materials

37,983.1

27,529.0

40,152.5

31,740.8

17,643.6

Suppl. Material

9,304.3

7,834.4

8,609.9

6,815.8

6,598.6

Supplies

13,211.8

12,760.6

14,321.2

10,230.9

9,751.5

Goods in Transit

137,651.4

39,021.7

71,205.8

59,345.3

72,309.3

Total Current Assets

2,880,294.6

2,356,169.9

1,659,556.5

1,239,064.8

1,273,402.6

 

 

 

 

 

 

LT Finl Assets

17.5

17.5

15.5

1,614.1

607.1

Investment Securities

103,687.7

85,221.4

73,087.7

59,264.8

40,458.2

Affiliates Stocks

1,280,694.7

1,008,970.2

618,132.3

608,274.3

452,591.3

LT Loan

65,469.8

35,079.9

1,857.8

20.0

20.6

LT Account Receivable

-

-

-

24,778.7

0.0

Other Inv Assets

-

-

86.4

9.3

4.5

LT Guarantee Dep

23,170.4

18,704.1

14,595.9

14,330.2

18,041.4

Resourc Devt Inv

570,773.8

458,811.9

389,785.0

249,124.5

177,602.0

Land

85,453.6

85,819.6

32,518.3

31,984.9

31,181.5

Buildings

303,728.0

303,137.4

316,722.6

259,085.9

238,768.6

Buildings-Reduction

-

-

-2,319.0

-

-

Deprec-Buildings

-63,950.2

-59,281.4

-56,962.7

-39,568.2

-32,154.3

Structures

16,783.4

14,750.5

14,271.4

12,870.3

12,903.1

Gov't Subsidy-Structure

-116.3

-

-

-

-

Deprec-Structure

-4,430.8

-3,786.4

-3,291.0

-2,413.0

-1,931.1

Structures-Reduction

-

-42.3

-

-

-

Tools/Equipments

4,740.0

3,787.5

3,938.6

3,376.9

4,065.5

Gov't Subsidy-Tools/Equip

-10.8

-25.6

-50.0

-98.3

-93.4

Depr-Tool/Equip

-3,872.3

-3,327.7

-3,513.3

-2,930.6

-3,343.6

Tools & Equipments-Reduction

-

-

-

-2.9

-

Machinery/Equip.

485,285.3

479,509.4

514,276.5

382,685.7

319,855.7

Gov't Subsidy-Machinery

-16.1

-23.5

-34.2

-49.8

-72.4

Reduction Loss-Machinery/Equip.

-127,246.4

-

-6,378.0

-1,214.1

-4.2

Depr-Mach/Equip.

-190,689.2

-185,164.6

-187,273.9

-134,796.7

-117,823.2

Transport Equip.

28,461.7

27,590.4

27,834.9

21,854.0

19,410.4

Deprec-Transport

-21,673.0

-20,357.4

-21,290.4

-16,253.1

-14,497.0

Fixtures

44,168.5

40,436.0

41,298.1

39,286.7

36,789.7

Fixtures-Government Subsidy

-0.2

-2.4

-5.8

-10.8

-18.3

Deprec-Fixtures

-35,146.5

-31,559.6

-32,103.6

-32,516.5

-30,046.3

Ship & Airplane

-

-

59.5

59.5

59.5

Dep-Ship/Airplan

-

-

-59.5

-59.5

-59.5

Construc in Prog

29,876.0

6,337.6

566.1

909.7

3,894.4

Mining Rights

151,648.2

52,731.4

55,496.6

25,254.8

22,451.1

Industrial Patnt

18,421.6

17,707.3

23,427.3

15,931.6

16,543.8

Development Cost

29.3

61.2

93.1

125.0

4,196.5

Other Intangible

323.3

1,382.1

1,795.2

1,467.3

217.6

Deferred Income Tax, Debit

5,785.4

2,623.3

215.6

74.7

0.0

Goodwill

0.0

154.9

361.4

567.9

774.4

Total Assets

5,651,660.8

4,695,432.7

3,476,710.9

2,762,102.2

2,473,796.1

 

 

 

 

 

 

Trade Payable

999,162.4

1,043,192.9

563,497.0

533,861.1

487,877.5

Accounts Payable

161,350.7

146,020.5

161,619.5

84,485.2

75,725.2

Dividend Payable

-

-

-

0.0

1,375.0

Inc Tax Payable

5,149.7

12,033.1

38,742.7

366.7

13,735.6

Accrued Expenses

27,470.0

11,566.7

12,018.7

17,005.2

45,629.7

Advances Receivd

76,293.5

84,201.0

66,611.9

34,044.3

35,651.8

Deposit Withheld

31,008.3

33,706.1

53,466.7

42,335.2

126,741.8

Unearned Income

-

265.2

206.3

112.5

0.0

CL Guarnt Depo

3,058.5

222.7

213.7

58.3

58.1

ST Borrowings

873,880.7

612,325.9

715,394.7

341,294.2

224,544.8

Current LT Liab.

393,743.5

18,587.8

39,557.5

71,967.6

28,363.2

CL Curr. Futures

25,081.7

26,681.6

15,216.8

3,174.5

5,729.0

Advances on Confirmed Contracts

12,300.0

4,857.1

-

-

-

Merchand Gift

54,170.8

37,944.6

37,584.0

11,063.3

8,968.6

Merchandise Advance-Confirmed Contract

-

-

2,116.5

366.5

35.7

Currency Advance-Confirmed Contract

-

-

1,673.0

-

-

Other Current Liabilities

246.3

86.5

-

-

-

Total Current Liability

2,662,916.1

2,031,691.6

1,707,919.0

1,140,134.8

1,054,436.1

 

 

 

 

 

 

Bonds

462,235.0

149,487.5

-

-

-

LT Borrowings

460,469.5

288,791.7

279,900.6

262,256.6

350,262.4

Capital Lease Liabilities

37,599.2

45,624.1

70,286.9

55,048.2

0.0

Convertible Bonds

-

355,963.1

-

-

-

Total Long Term Debt

960,303.6

839,866.4

350,187.4

317,304.8

350,262.4

 

 

 

 

 

 

LT Accounts Pay

2,404.6

4,103.3

2,311.5

5,047.9

8,181.4

LT Deposit Withheld

153,945.4

163,303.7

165,455.8

126,689.5

-

LT Accrued Exp

28.2

25.1

29.5

1,265.4

10,988.9

LT Guarant Deposit

7,316.7

7,268.6

7,349.1

7,348.8

7,485.0

Reserve-Sales Guarantee

-

1,445.8

1,680.3

172.7

106.6

Rsv-Contingency Loss

126,625.5

112,913.0

123,935.6

94,639.6

89,036.7

Retirement Resrv

50,872.3

43,371.9

1,184.6

217.4

165.1

Deposit-Retirement Insurance

-40,085.7

-42,005.5

-

-

-

Transfer to National Pension Fund

-363.8

-393.0

-

-

-

Reserve-Recovery

4,176.9

3,949.9

2,067.2

-

-

Deferred Income Tax

134,665.1

130,507.8

46,380.4

72,277.8

38,772.6

Minority Int.

3,895.5

9,768.1

11,411.7

15,174.8

16,399.8

Total Liabilities

4,066,700.5

3,305,816.6

2,419,912.0

1,780,273.5

1,575,834.5

 

 

 

 

 

 

Common Stock

505,273.2

489,192.2

474,943.9

474,943.9

474,943.9

Consolidated Capital Surplus

24,829.4

19,244.9

1,401.8

1,294.1

1,294.1

Consolidated Retained Earnings

763,965.0

660,893.6

548,525.2

500,969.0

426,566.5

Othr Capital Adj

-663.8

-

-

-

-2,752.9

Discounts on Stock Issuance

-

-81.7

-

-

-

Unissu Share Cap

376.0

376.0

829.0

1,170.0

1,170.0

Capital Change, Equity Method

143,843.9

91,673.3

16,725.3

6,229.6

35,360.4

G-Secs for Sale Valuation

46,701.9

32,374.1

24,473.0

25,862.5

4,417.7

Negative Captial Change-Equity Method

-4,355.6

-4,057.5

-71,587.4

-23,568.6

-27,795.5

Overseas Business Trans. Debit/Credit

62,984.9

57,995.8

61,488.0

-5,071.9

-15,242.5

Gain-Revaluation of Tangible Assets

42,005.4

42,005.4

-

-

-

Total Equity

1,584,960.3

1,389,616.0

1,056,798.9

981,828.6

897,961.7

 

 

 

 

 

 

Total Liabilities & Shareholde

5,651,660.8

4,695,432.7

3,476,710.9

2,762,102.2

2,473,796.1

 

 

 

 

 

 

S/O-Common Stock

101.1

100.8

100.8

100.8

100.8

Total Common Shares Outstandin

101.1

100.8

100.8

100.8

100.8

T/S-Common Stock

0.0

0.0

0.0

0.0

0.0

Deferred Revenue, Current

76,293.5

84,466.2

66,818.2

34,156.8

35,651.8

Full-Time Employees

1,796

1,431

1,486

1,494

1,503

Number of Common Shareholders

45,691

40,785

37,135

44,406

38,819

Long Term Debt Maturing within 1 Year

393,743.0

18,588.0

39,557.0

71,967.0

28,363.2

Long Term Debt Maturing within 2 Years

39,115.0

51,433.0

71,542.0

59,667.0

94,521.0

Long Term Debt Maturing within 3 Years

78,625.0

54,140.0

47,592.0

63,137.0

52,940.0

Long Term Debt Maturing within 4 Years

133,874.0

72,754.0

45,722.0

38,776.0

56,543.0

Long Term Debt Maturing within 5 Years

77,325.0

47,734.0

44,021.0

39,049.0

32,384.0

Long Term Debt Remaining Maturities

144,162.0

82,746.0

98,261.0

99,561.0

171,682.0

Total Long Term Debt, Supplemental

866,844.0

327,395.0

346,695.0

372,157.0

436,433.2

Operating Leases Due in 1 Year

-

-

46.0

56.0

-

Total Operating Leases

-

-

46.0

56.0

-

 

 

Annual Cash Flows

 

 

 

Financials in: KRW (mil)

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Reclassified Normal
31-Dec-2008

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income

119,032.9

130,910.5

78,618.2

97,315.8

112,039.4

Depreciation

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Amort.-Intangible

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

Stock-Based Compensations

3.1

11.9

-

1,865.1

6,518.1

Provision-Doubtful Account

8,348.0

18,762.8

-

64.2

-

Other Provisions-Doubtful Account

15,679.1

29,576.7

378.8

-

1,162.6

Accrued Interest Expense

35,180.0

22,246.4

12,922.7

24,824.4

13,561.9

Provision-Sales Guarantee

-

-

1,627.5

78.1

42.1

Retiremt Allw Reserv

16,223.6

9,967.9

14,050.0

10,701.9

10,149.6

L-Trade Rcvbl Disposal

52,729.5

65,526.4

70,445.1

42,666.4

43,017.2

L-For Exch Translatn

41,216.5

22,500.0

74,853.9

16,320.1

9,791.2

L-Commodity Futures Valu

54,165.1

37,744.6

37,528.1

11,063.3

8,968.6

Loss-Currency Forwards Transaction

166,236.1

88,253.2

135,989.1

53,621.9

23,604.0

L-Commodity Futures Trade

214,107.6

210,501.7

210,489.5

83,358.1

56,742.9

L-Currency Contract on Settlement Valua.

-

-

7,338.1

-

-

L-Currency Futr Valu

20,812.4

26,479.5

15,216.7

3,174.5

5,726.9

Loss-Reduction of Investment Assets

3,355.1

19,322.7

3,468.7

-

-

Loss-Valuation of Inventory

1.7

802.2

6,553.7

393.4

496.0

L-Tangible Asst Disp

282.0

132.6

406.8

51.1

1,669.7

Loss-Reduction of Intangible Assets

-

-

-

4,374.9

-

Loss-Reduction of Tangible Assets

126,014.5

790.7

6,956.9

689.1

-

Loss -Redemption of LT Borrowings

-

757.2

110.0

93.9

598.1

L-Equity Method Valu

3,889.8

1,053.2

4,077.8

2,055.1

1,517.9

Loss-Investment Assets Disposal

1,846.6

1,460.6

-

375.3

148.6

Reserve-Recovery

176.3

101.4

-

-

-

Loss-Valuation of Contract on Settlement

98,515.2

35,344.3

26,935.5

26,894.8

24,447.3

Contingency Loss

17,433.4

2,297.4

2,610.7

2,579.8

2,473.5

Other Non-Operating Expense

340.4

416.8

-

-

-

G-Commodity Futures Valu

-22,222.0

-20,030.0

-13,112.1

-4,373.0

-5,275.6

Recovery-Contingency Loss Reserve

-7,456.8

-5,863.8

-

-459.4

-

G-Currency Contract on Settlement Valua.

-

-

-3,726.8

-

-

Gain-Commodity Futures Transaction

-180,615.5

-163,763.5

-186,124.7

-89,866.9

-73,422.8

G-Currency Futr Valu

-29,544.8

-20,463.0

-11,439.0

-3,434.7

-3,903.7

Gain-Currency Forwards Transaction

-167,874.6

-114,933.0

-143,635.4

-27,925.9

-30,260.3

G-Inv.Asset Disp

-

-15,768.3

-10,606.4

-12,596.7

-10,450.9

G-Tangible Asst Disp

-1,002.7

-734.4

-205.9

-273.4

-80.8

Interest Received

-905.4

-1,751.1

-2,114.6

-855.5

-1,121.7

G-Equity Method Valu

-203,794.4

-155,454.8

-74,796.5

-110,435.2

-104,222.9

Recovery-Inventory Valuation Loss

-435.1

-5,456.0

-

-1,064.3

-

G-For Exch Translatn

-43,161.6

-38,644.5

-93,651.1

-16,844.5

-25,854.6

Gain-Valuation of Contract on Settlement

-131,506.6

-88,392.0

-68,819.1

-29,996.1

-11,488.8

Recovery-Loan Loss Reserve

-343.0

-3,830.9

-2,336.6

-

-1,356.5

Gain-Other Non-Operating

-9.2

-4,671.2

-211.9

-4,014.1

-4,927.8

Gain on disposal of Subsidiaries

-

-6,139.2

-

-

-

Trade Receivables

-396,497.4

-189,615.5

-232,570.6

38,420.3

-41,685.1

Accrued Income

-1,470.5

1,143.9

1,801.1

-1,161.9

360.0

Account Receivable

-31,117.1

14,277.4

-15,047.6

16,909.6

18,478.8

Prepaid Expenses

4,547.7

95.5

-594.3

2,283.5

302.9

Advance Payments

-80,585.8

58.0

13,715.5

-9,925.7

1,689.6

Prepaid Taxes

-

-

-

-

4,512.9

Inventory

-523,737.2

29,384.2

-144,447.8

17,687.3

-116,347.0

LT Trade Rcvbls

-

-

-

254.3

4,966.3

LT Account Rcvbls

-

-

-

-

6,569.9

Merchandise Settlement Contracts

27,489.7

50,415.0

39,456.3

4,110.6

-16,491.6

Currency Settlement Contracts

-

-

-3,641.0

-

-

Deferred Taxes-Asset

-26,039.9

44,762.0

-33,058.7

22,156.5

23,632.4

Other Current Assets

-

-

-651.6

33.5

-31.0

Trade Payables

-52,923.9

515,129.0

28,927.7

26,692.9

28,290.3

Account Payables

32,614.6

-9,438.4

64,280.3

15,150.1

11,340.9

Accrued Dividends

-

-

-

-1,550.1

-83.8

Accrued Expenses

7,743.3

6,069.3

-4,057.8

-38,093.7

4,870.3

LT Accrued Expenses

-

-16.3

-1,135.3

-8,673.7

-5,776.0

Dividend Received from Affiliates

28,747.2

27,680.2

38,560.9

-

-

Accrued Inc Tax

-6,911.9

-26,506.9

37,438.3

-13,589.9

11,912.8

Unearned Income

-

-

118.7

164.0

-123.0

Advances Received

-9,306.0

22,179.1

32,567.6

472.8

12,952.5

Other Current Liabilities

-46.7

116.3

-

-

-

Deposits Withheld

1,723.9

-23,002.8

10,519.6

455.2

22,221.3

Reserve-Sales Guarantee

-

-349.3

-119.9

-174.8

64.4

Nation Pension Fnd

29.2

152.1

113.9

147.2

147.1

Retiremt Allow Paymt

-8,880.6

-13,700.5

-10,730.6

-8,958.0

-7,989.2

Retire Deposit A/L

1,919.8

3,427.8

-412.6

-2,934.5

-2,459.2

Reserve-Contingent Loss

134.8

362.3

-

-

-

Overseas Business Translation Debit

-285.0

45,820.6

70,951.2

4,890.8

-7,644.8

Cash from Operating Activities

-789,785.6

614,337.9

27,990.1

178,157.9

25,486.9

 

 

 

 

 

 

Dec-ST Finl Asset

4,591.5

7,681.5

65,022.6

46,749.9

5,384.5

Dec-ST Loans

6,955.5

440.8

11,857.3

3,869.0

1,856.0

Decrease-LT Loans

26.1

2,458.7

-

6,487.0

-

Decrease-LT Account Receivable

-

6,586.4

-

3,674.9

-

Dec-Guarantee Dep

897.7

2,785.6

3,589.1

5,791.2

5,142.3

Dec-Currency Future

-

22,927.5

147,068.8

31,829.5

35,058.2

Dec-Future

16,226.2

-

-

-

-

Dec-Marketable Secs

-

54.8

26.5

12.0

660.8

Dec-Investment Secs

39.0

3,874.9

11,825.4

16,677.4

729.1

Disp-Equity Investment Sec.

388.3

-

-

6,110.6

28,026.4

Disp-Other Investment Asset

-

62.2

-

-

66.7

Disposal-Land

293.6

306.2

-

-

-

Disposal of Building

4,720.4

343.3

1,790.7

2,532.4

2,331.4

Disp-Structure

136.1

-

-

19.5

110.4

Disp-Machinery

21,385.0

67.4

51.4

5,858.0

3,307.8

Disp-Vehicles

750.9

224.0

214.2

125.7

755.3

Disposal-Tools & Supplies

531.7

0.9

-

23.6

-

Disp-Merchand Options

783.6

96.1

49.4

56.2

1,035.0

Disp-Commodity Futures

-

-

190,473.5

95,166.7

80,081.9

Disposal-Other Intangible Assets

-

2,508.8

-

-

-

Inc-ST Finl Asset

-24,562.1

-

-

-

-

Increase-LT Financial Assets

-

-2.0

-

-

-

Inc-ST Loans

5,033.3

-2,043.1

-14,934.7

-9,028.8

-2,098.7

Inc-Currency Future

-3,048.0

-

-

-

-

Increase-LT Loans

-26,758.8

-6,719.4

-7.5

-8,251.2

-

Increase-LT Account Receivable

-

-

-

-3,919.3

-

Inc-Guarantee Dep

-6,226.4

-7,013.7

-2,776.8

-2,206.9

-6,970.6

Investment for Natural Resources Dev.

-

16,437.6

-

-

-

Inc-Currency Futures

-

-

-139,163.6

-59,348.9

-24,492.7

Acq-Merchand Options

-67,632.4

-71,010.1

-221,497.0

-92,326.8

-60,717.4

Increase-Other Investment Assets

-

-

-

-200.8

-

Inc-Investment Secs

-2,817.7

-2,464.8

-17,731.7

-601.1

-8,209.7

Inc-Equity Investment Sec.

-84,368.9

-73,408.5

-29,969.8

-91,936.8

-5,637.0

Increase-Land

-321.6

-22.7

-

-

-

Acq-Building

-5,271.8

-14,443.2

-228.1

-938.2

-107.6

Acq-Structure

-2,169.4

-1,363.4

-144.2

-187.9

-48.0

Acq-Machinery

-12,124.7

-38,994.3

-1,759.1

-2,510.0

-2,590.1

Acq-Fixtures

-4,718.9

-4,697.8

-4,987.6

-2,773.7

-1,553.2

Acq-Vehicles

-4,193.3

-3,177.3

-1,012.1

-1,648.1

-1,026.8

Acq-Tools/Equipmt

-1,064.3

-254.0

-

-169.0

-197.0

Acq-Constructn Prog

-32,152.3

-1,251.8

-3,287.5

-1,054.8

-2,133.5

Acq-Resource Dev't C

-184,734.4

-143,033.4

-144,129.1

-99,988.1

-68,039.2

Acq-Other Intangible

-56,995.8

-424.7

-5,660.7

-2,905.1

-3,547.8

Cash from Investing Activities

-456,401.9

-303,467.7

-155,320.8

-155,012.0

-22,823.6

 

 

 

 

 

 

Inc-ST Borrowings

262,841.3

-

323,938.1

120,379.7

187,976.8

Inc-LT Borrowing

154,856.1

36,007.0

26,401.3

11,894.8

4,408.5

Increase-Capital Lease Liabilities

-9,523.1

-

-

-

-

Increase-Bond

314,048.3

149,307.7

-

-

-

Increase-Convertible Bond

-

373,322.3

-

-

-

Inc-LT Guarant Dep

48.1

-

38,766.2

737.6

803.4

Inc-Government Subsidy

122.1

21.5

211.0

463.0

672.0

Increase-LT Deposit Withheld

11,946.0

-

1,788.0

45,926.1

-

Increase-LT Accrued Payment

-

3,619.1

-

-

-

Dec-Curr LT Liabs

-22,942.8

-68,877.1

-79,075.5

-41,355.6

-41,035.3

Dec-ST Borrowings

-3,799.7

-106,974.6

-

-

-159,864.5

Dec-LT Borrowings

-5,846.9

-44,029.9

-56,027.0

-66,659.6

-42,295.0

Dec-LT Guarant Depo

-

-80.5

-1,787.7

-873.8

-772.9

Decrease-LT Deposit Withheld

-

-2,152.1

-

-

-

Dec-LT Account Payables

-

-

-

-

-174.0

Dec-Government Subsidy

-81.9

-105.1

-385.4

-119.1

-331.9

Increase-Discount on Stock Issuance

-93.1

-81.7

-

-

-

Dividends Paid

-4,891.9

-4,749.4

-33,246.1

-4,530.4

-2,012.7

Consolid Scope Adj

3,420.5

8,691.4

-

-882.0

838.3

Cash from Financing Activities

700,102.9

343,918.7

220,583.0

64,980.8

-51,787.2

 

 

 

 

 

 

Foreign Exchange Effects

-4,341.7

-4,047.2

4,174.1

610.0

474.3

Net Change in Cash

-550,426.3

650,741.7

97,426.4

88,736.7

-48,649.7

 

 

 

 

 

 

Net Cash - Beginning Balance

975,141.0

324,399.3

226,972.9

138,236.2

186,885.9

Net Cash - Ending Balance

424,714.8

975,141.0

324,399.3

226,972.9

138,236.2

 

 

Financial Health

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

Key Indicators REP (mil)

Â

Quarter
Ending
30-Sep-2011

Quarter
Ending
Yr Ago

Annual
Year End
31-Dec-2010

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1

4,680,899.3

22.05%

16,111,805.6

39.57%

25.17%

23.33%

Research & Development1

-

-

337.0

-

-

-

Operating Income1

241.3

-99.49%

181,652.2

15.79%

29.28%

19.50%

Income Available to Common Excl Extraord Items1

-36,639.3

-

122,720.8

-6.58%

6.61%

-6.04%

Basic EPS Excl Extraord Items1

-355.35

-

1,217.00

-6.64%

6.59%

-6.06%

Capital Expenditures2

354,526.4

322.73%

303,746.4

46.27%

39.38%

28.64%

Cash from Operating Activities2

-778,453.0

-

-789,785.6

-

-

-

Free Cash Flow

-1,132,979.5

-

-1,093,532.0

-

-

-

Total Assets3

9,548,215.6

-

5,651,660.8

20.37%

26.95%

19.47%

Total Liabilities3

7,819,132.2

-

4,066,700.5

23.02%

31.70%

22.17%

Total Long Term Debt3

1,854,542.5

-

960,303.6

14.34%

44.65%

16.90%

Employees3

-

-

1796

25.51%

6.33%

1.60%

Total Common Shares Outstanding3

103.2

-

101.1

0.28%

0.09%

0.06%

1-ExchangeRate: KRW to REP Average for Period

1.000000

Â

1.000000

Â

Â

Â

2-ExchangeRate: KRW to REP Average for Period

1.000000

Â

1.000000

Â

Â

Â

3-ExchangeRate: KRW to REP Period End Date

1.000000

Â

1.000000

Â

Â

Â

Key Ratios

Â

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Profitability

Gross Margin

5.88%

7.03%

6.89%

6.92%

7.87%

Operating Margin

1.13%

1.36%

1.07%

1.02%

1.36%

Pretax Margin

0.66%

1.59%

0.85%

1.52%

2.33%

Net Profit Margin

0.76%

1.14%

0.75%

1.23%

1.63%

Financial Strength

Current Ratio

1.08

1.16

0.97

1.09

1.21

Long Term Debt/Equity

0.61

0.60

0.33

0.32

0.39

Total Debt/Equity

1.41

1.06

1.05

0.74

0.67

Management Effectiveness

Return on Assets

2.30%

3.20%

2.52%

3.72%

4.67%

Return on Equity

8.25%

10.74%

8.42%

10.78%

12.97%

Efficiency

Receivables Turnover

16.63

15.88

19.66

16.03

12.07

Inventory Turnover

18.81

21.32

23.50

19.34

18.63

Asset Turnover

3.11

2.83

3.66

3.14

2.86

Market Valuation REP (mil)

Enterprise Value2

7,655,225.0

.

Enterprise Value/Revenue (TTM)

0.31

Price/Book (MRQ)

1.87

.

Enterprise Value/EBITDA (TTM)

22.95

Market Cap as of 03-Feb-20121

3,229,560.0

.

 

 

1-ExchangeRate: KRW to REP on 3-Feb-2012

1.000000

 

 

 

2-ExchangeRate: KRW to REP on 30-Sep-2011

1.000000

 

 

 

 

 

Annual Ratios

 

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Financial Strength

Current Ratio

1.08

1.16

0.97

1.09

1.21

Quick/Acid Test Ratio

0.61

0.86

0.61

0.69

0.78

Working Capital

217,378.5

324,478.3

-48,362.5

98,929.9

218,966.6

Long Term Debt/Equity

0.61

0.60

0.33

0.32

0.39

Total Debt/Equity

1.41

1.06

1.05

0.74

0.67

Long Term Debt/Total Capital

0.25

0.29

0.16

0.19

0.23

Total Debt/Total Capital

0.58

0.51

0.51

0.43

0.40

Payout Ratio

16.43%

3.72%

5.53%

32.82%

25.47%

Effective Tax Rate

-12.60%

28.69%

19.17%

22.00%

29.76%

Total Capital

3,812,888.1

2,860,396.1

2,161,938.6

1,712,395.3

1,501,132.1

 

 

 

 

 

 

Efficiency

Asset Turnover

3.11

2.83

3.66

3.14

2.86

Inventory Turnover

18.81

21.32

23.50

19.34

18.63

Days In Inventory

19.40

17.12

15.53

18.88

19.60

Receivables Turnover

16.63

15.88

19.66

16.03

12.07

Days Receivables Outstanding

21.95

22.99

18.56

22.78

30.24

Revenue/Employee

8,970,938,537

8,066,985,349

7,689,343,491

5,498,960,224

4,555,433,204

Operating Income/Employee

101,142,650

109,634,695

82,528,274

56,273,218

61,812,246

EBITDA/Employee

121,381,645

135,371,708

106,894,996

78,341,497

76,114,084

 

 

 

 

 

 

Profitability

Gross Margin

5.88%

7.03%

6.89%

6.92%

7.87%

Operating Margin

1.13%

1.36%

1.07%

1.02%

1.36%

EBITDA Margin

1.35%

1.68%

1.39%

1.42%

1.67%

EBIT Margin

1.13%

1.36%

1.07%

1.02%

1.36%

Pretax Margin

0.66%

1.59%

0.85%

1.52%

2.33%

Net Profit Margin

0.76%

1.14%

0.75%

1.23%

1.63%

R&D Expense/Revenue

0.00%

-

-

-

-

COGS/Revenue

94.12%

92.97%

93.11%

93.08%

92.13%

SG&A Expense/Revenue

4.70%

5.67%

5.82%

5.90%

6.51%

 

 

 

 

 

 

Management Effectiveness

Return on Assets

2.30%

3.20%

2.52%

3.72%

4.67%

Return on Equity

8.25%

10.74%

8.42%

10.78%

12.97%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share

-10,821.20

4,035.53

-1,321.96

654.76

-533.44

Operating Cash Flow/Share

-7,815.43

6,096.22

277.75

1,767.90

252.91

 

Current Market Multiples

Market Cap/Equity (MRQ)

1.87

Enterprise Value/Equity (MRQ)

4.43

Annual Income Statement

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Sales

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

Revenue

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

Total Revenue

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

 

 

 

 

 

 

Cost of Revenue

15,164,135.9

10,731,997.1

10,638,941.7

7,646,599.4

6,308,108.9

Cost of Revenue, Total

15,164,135.9

10,731,997.1

10,638,941.7

7,646,599.4

6,308,108.9

Gross Profit

947,669.7

811,858.9

787,422.7

568,847.2

538,707.2

 

 

 

 

 

 

Selling/General/Administrative Expense

592,703.5

654,971.7

664,785.7

484,775.0

445,803.4

Labor & Related Expense

153,192.0

-

-

-

-

Advertising Expense

10,814.0

-

-

-

-

Total Selling/General/Administrative Expenses

756,709.5

654,971.7

664,785.7

484,775.0

445,803.4

Research & Development

337.0

-

-

-

-

Depreciation

7,284.0

-

-

-

-

Amortization of Intangibles

1,687.0

-

-

-

-

Depreciation/Amortization

8,971.0

-

-

-

-

Total Operating Expense

15,930,153.4

11,386,968.8

11,303,727.4

8,131,374.4

6,753,912.3

 

 

 

 

 

 

Operating Income

181,652.2

156,887.2

122,637.0

84,072.2

92,903.8

 

 

 

 

 

 

Interest Expense - Non-Operating

-50,919.0

-48,760.8

-11,557.1

-33,282.9

-34,814.0

Interest Expense, Net Non-Operating

-50,919.0

-48,760.8

-11,557.1

-33,282.9

-34,814.0

Interest Income - Non-Operating

9,488.9

12,816.8

12,548.3

12,938.1

16,079.9

Investment Income - Non-Operating

363,147.9

396,281.2

225,567.6

188,697.7

183,987.6

Interest/Investment Income - Non-Operating

372,636.9

409,098.0

238,115.9

201,635.8

200,067.5

Interest Income (Expense) - Net Non-Operating Total

321,717.9

360,337.2

226,558.8

168,352.9

165,253.5

Gain (Loss) on Sale of Assets

-266,115.2

-275,426.3

-281,135.4

-125,802.2

-101,349.1

Other Non-Operating Income (Expense)

-131,543.9

-58,212.2

29,199.9

-1,860.3

2,691.6

Other, Net

-131,543.9

-58,212.2

29,199.9

-1,860.3

2,691.6

Income Before Tax

105,711.1

183,586.0

97,260.3

124,762.5

159,499.8

 

 

 

 

 

 

Total Income Tax

-13,321.9

52,675.5

18,642.1

27,446.7

47,460.5

Income After Tax

119,032.9

130,910.5

78,618.2

97,315.8

112,039.4

 

 

 

 

 

 

Minority Interest

3,687.8

455.7

7,197.3

3,966.3

-141.2

Net Income Before Extraord Items

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

Net Income

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

100.8

100.8

100.8

100.8

100.8

Basic EPS Excl Extraord Items

1,217.00

1,303.58

851.57

1,005.05

1,110.39

Basic/Primary EPS Incl Extraord Items

1,217.00

1,303.58

851.57

1,005.05

1,110.39

Dilution Adjustment

0.0

0.0

0.0

0.0

-

Diluted Net Income

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

Diluted Weighted Average Shares

100.9

100.9

100.9

101.0

101.0

Diluted EPS Excl Extraord Items

1,216.09

1,302.58

850.13

1,002.58

1,107.66

Diluted EPS Incl Extraord Items

1,216.09

1,302.58

850.13

1,002.58

1,107.66

Dividends per Share - Common Stock Primary Issue

200.00

48.54

47.13

329.91

282.78

Gross Dividends - Common Stock

20,211.0

4,892.0

4,749.0

33,246.0

28,497.0

Interest Expense, Supplemental

50,919.0

48,760.8

11,557.1

33,282.9

34,814.0

Interest Capitalized, Supplemental

-22,085.0

-20,245.0

-17,137.0

-3,999.0

-

Depreciation, Supplemental

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Total Special Items

266,115.2

275,426.3

281,135.4

125,802.2

101,349.1

Normalized Income Before Tax

371,826.2

459,012.3

378,395.8

250,564.8

260,848.9

 

 

 

 

 

 

Effect of Special Items on Income Taxes

93,140.3

79,026.8

53,885.9

27,675.4

30,157.2

Inc Tax Ex Impact of Sp Items

79,818.4

131,702.3

72,528.0

55,122.1

77,617.7

Normalized Income After Tax

292,007.8

327,309.9

305,867.8

195,442.6

183,231.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

295,695.6

327,765.6

313,065.1

199,409.0

183,090.0

 

 

 

 

 

 

Basic Normalized EPS

2,932.35

3,252.50

3,106.62

1,978.78

1,816.84

Diluted Normalized EPS

2,930.17

3,250.00

3,101.36

1,973.92

1,812.38

Amort of Intangibles, Supplemental

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

Rental Expenses

15,218.0

14,628.0

13,189.0

12,413.0

-

Advertising Expense, Supplemental

10,814.0

8,567.0

12,882.0

3,033.0

-

Research & Development Exp, Supplemental

337.0

521.0

341.0

360.0

216.0

Normalized EBIT

181,652.2

156,887.2

122,637.0

84,072.2

92,903.8

Normalized EBITDA

218,001.4

193,716.9

158,846.0

117,042.2

114,399.5

Interim Income Statement

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

30-Sep-2010

30-Jun-2010

Period Length

3 Months

6 Months

3 Months

3 Months

6 Months

UpdateType/Date

Updated Normal
30-Sep-2011

Restated Special
30-Sep-2011

Updated Normal
31-Mar-2011

Updated Normal
30-Sep-2011

Restated Special
30-Sep-2011

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

 

 

 

 

 

 

Net Sales

4,680,899.3

9,395,455.8

4,575,585.9

3,835,379.7

7,954,930.5

Revenue

4,680,899.3

9,395,455.8

4,575,585.9

3,835,379.7

7,954,930.5

Total Revenue

4,680,899.3

9,395,455.8

4,575,585.9

3,835,379.7

7,954,930.5

 

 

 

 

 

 

Cost of Revenue

4,476,285.8

8,891,745.2

4,309,337.5

3,608,742.5

7,463,992.4

Cost of Revenue, Total

4,476,285.8

8,891,745.2

4,309,337.5

3,608,742.5

7,463,992.4

Gross Profit

204,613.5

503,710.6

266,248.4

226,637.2

490,938.1

 

 

 

 

 

 

Selling/General/Administrative Expense

200,670.8

390,004.8

146,451.9

179,621.5

379,065.6

Labor & Related Expense

-

-

41,865.0

-

-

Advertising Expense

-

-

2,235.0

-

-

Total Selling/General/Administrative Expenses

200,670.8

390,004.8

190,551.9

179,621.5

379,065.6

Research & Development

-

-

380.0

-

-

Depreciation

-

-

1,659.0

-

-

Amortization of Intangibles

-

-

284.0

-

-

Depreciation/Amortization

-

-

1,943.0

-

-

Loss (Gain) on Sale of Assets - Operating

-

-

64.0

-

-

Unusual Expense (Income)

-

-

64.0

-

-

Other Operating Expense

4,461.9

4,212.1

1,620.0

7,706.8

8,678.1

Other, Net

-760.4

-2,675.2

891.9

-8,428.7

-2,354.9

Other Operating Expenses, Total

3,701.5

1,536.9

2,511.9

-721.9

6,323.2

Total Operating Expense

4,680,658.0

9,283,286.9

4,504,788.2

3,787,642.2

7,849,381.1

 

 

 

 

 

 

Operating Income

241.3

112,168.9

70,797.7

47,737.6

105,549.4

 

 

 

 

 

 

Interest Expense - Non-Operating

-

-

-25,761.0

-

-

Interest Expense, Net Non-Operating

-

-

-25,761.0

-

-

Interest Income - Non-Operating

-

-

2,129.0

-

-

Investment Income - Non-Operating

-28,798.9

-7,383.8

-22,330.3

28,922.1

-28,517.9

Interest/Investment Income - Non-Operating

-28,798.9

-7,383.8

-20,201.3

28,922.1

-28,517.9

Interest Income (Expense) - Net Non-Operating Total

-28,798.9

-7,383.8

-45,962.3

28,922.1

-28,517.9

Other Non-Operating Income (Expense)

-

-

-19,124.5

-

-

Other, Net

-

-

-19,124.5

-

-

Income Before Tax

-28,557.6

104,785.1

5,710.9

76,659.7

77,031.5

 

 

 

 

 

 

Total Income Tax

8,530.3

21,578.0

2,988.3

10,677.9

10,941.2

Income After Tax

-37,087.9

83,207.1

2,722.6

65,981.8

66,090.3

 

 

 

 

 

 

Minority Interest

448.6

1,149.6

962.4

768.0

-310.3

Net Income Before Extraord Items

-36,639.3

84,356.7

3,685.0

66,749.8

65,780.0

Discontinued Operations

102,218.0

8,193.7

-

-150,740.1

-5,425.6

Total Extraord Items

102,218.0

8,193.7

-

-150,740.1

-5,425.6

Net Income

65,578.7

92,550.4

3,685.0

-83,990.3

60,354.4

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

-36,639.3

84,356.7

3,685.0

66,749.8

65,780.0

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

65,578.7

92,550.4

3,685.0

-83,990.3

60,354.4

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

103.1

102.2

101.9

100.8

100.8

Basic EPS Excl Extraord Items

-355.35

825.81

36.17

662.37

652.75

Basic/Primary EPS Incl Extraord Items

636.02

906.02

36.17

-833.46

598.91

Dilution Adjustment

0.0

0.0

-

0.0

0.0

Diluted Net Income

65,578.7

92,550.4

3,685.0

-83,990.3

60,354.4

Diluted Weighted Average Shares

103.1

102.2

102.0

100.8

100.8

Diluted EPS Excl Extraord Items

-355.35

825.81

36.14

661.88

652.26

Diluted EPS Incl Extraord Items

636.02

906.02

36.14

-832.83

598.46

Dividends per Share - Common Stock Primary Issue

0.00

0.00

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

0.0

0.0

Interest Expense, Supplemental

8,921.0

49,895.0

25,761.0

22,780.0

34,634.0

Depreciation, Supplemental

973.2

14,173.7

5,094.0

9,321.5

9,399.5

Total Special Items

-

-

64.0

-

-

Normalized Income Before Tax

-28,557.6

104,785.1

5,774.9

76,659.7

77,031.5

 

 

 

 

 

 

Effect of Special Items on Income Taxes

-

-

33.5

-

-

Inc Tax Ex Impact of Sp Items

8,530.3

21,578.0

3,021.8

10,677.9

10,941.2

Normalized Income After Tax

-37,087.9

83,207.1

2,753.1

65,981.8

66,090.3

 

 

 

 

 

 

Normalized Inc. Avail to Com.

-36,639.3

84,356.7

3,715.5

66,749.8

65,780.0

 

 

 

 

 

 

Basic Normalized EPS

-355.35

825.81

36.47

662.37

652.75

Diluted Normalized EPS

-355.35

825.81

36.44

661.88

652.26

Amort of Intangibles, Supplemental

1,627.2

2,204.0

1,170.3

-1,763.2

2,421.5

Rental Expenses

4,324.0

9,235.0

4,142.0

3,999.0

7,345.0

Advertising Expense, Supplemental

3,344.0

4,416.0

2,235.0

2,612.0

4,972.0

Research & Development Exp, Supplemental

412.0

604.0

380.0

49.0

88.0

Normalized EBIT

241.3

112,168.9

70,861.7

47,737.6

105,549.4

Normalized EBITDA

2,841.7

128,546.6

77,125.9

55,295.8

117,370.3

 

 

Annual Balance Sheet

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Cash & Equivalents

424,699.8

975,047.5

324,222.1

226,619.9

137,612.2

Short Term Investments

33,488.9

14,339.5

27,320.6

85,754.2

133,010.3

Cash and Short Term Investments

458,188.7

989,386.9

351,542.8

312,374.1

270,622.4

Accounts Receivable - Trade, Gross

1,103,523.5

762,879.8

681,943.1

473,698.4

551,105.7

Provision for Doubtful Accounts

-48,823.8

-43,631.3

-49,842.8

-41,838.9

-43,888.0

Trade Accounts Receivable - Net

1,056,194.9

722,546.8

632,174.7

433,559.2

507,699.9

Other Receivables

116,999.8

42,444.6

56,971.7

39,505.2

44,537.7

Total Receivables, Net

1,173,194.7

764,991.4

689,146.4

473,064.4

552,237.7

Inventories - Finished Goods

759,483.3

336,982.6

330,008.0

222,916.0

238,879.7

Inventories - Work In Progress

17,260.6

16,268.7

19,888.9

17,637.4

14,748.7

Inventories - Raw Materials

47,287.4

35,363.4

48,762.3

38,556.6

24,242.1

Inventories - Other

292,854.3

106,613.3

112,739.7

114,916.6

119,031.4

Total Inventory

1,116,885.6

495,228.0

511,398.9

394,026.6

396,902.0

Prepaid Expenses

5,476.3

15,465.9

14,280.0

11,578.5

7,988.3

Deferred Income Tax - Current Asset

42,180.7

37,613.2

59,159.5

35,802.1

32,557.1

Other Current Assets

84,368.6

53,484.5

34,029.1

12,219.1

13,095.2

Other Current Assets, Total

126,549.3

91,097.7

93,188.6

48,021.2

45,652.2

Total Current Assets

2,880,294.6

2,356,169.9

1,659,556.5

1,239,064.8

1,273,402.6

 

 

 

 

 

 

Buildings

320,395.1

317,845.6

328,675.0

271,956.2

251,671.7

Land/Improvements

85,453.6

85,819.6

32,518.3

31,984.9

31,181.5

Machinery/Equipment

435,381.9

551,271.9

580,939.7

445,886.9

379,992.4

Construction in Progress

29,876.0

6,337.6

566.1

909.7

3,894.4

Property/Plant/Equipment - Gross

871,106.5

961,274.6

942,699.2

750,737.8

666,739.9

Accumulated Depreciation

-319,761.9

-303,477.1

-304,494.4

-228,537.6

-199,854.9

Property/Plant/Equipment - Net

551,344.6

657,797.5

638,204.8

522,200.2

466,885.0

Goodwill, Net

0.0

154.9

361.4

567.9

774.4

Intangibles, Net

170,422.3

71,882.0

80,812.1

42,778.7

43,409.0

LT Investment - Affiliate Companies

1,280,694.7

1,008,970.2

618,132.3

608,274.3

452,591.3

LT Investments - Other

103,705.2

85,238.9

73,189.6

60,888.2

41,069.8

Long Term Investments

1,384,399.9

1,094,209.1

691,321.9

669,162.5

493,661.1

Note Receivable - Long Term

65,469.8

35,079.9

1,857.8

24,798.8

20.6

Deferred Income Tax - Long Term Asset

5,785.4

2,623.3

215.6

74.7

0.0

Other Long Term Assets

593,944.1

477,516.0

404,380.9

263,454.7

195,643.4

Other Long Term Assets, Total

599,729.5

480,139.3

404,596.5

263,529.4

195,643.4

Total Assets

5,651,660.8

4,695,432.7

3,476,710.9

2,762,102.2

2,473,796.1

 

 

 

 

 

 

Accounts Payable

1,160,513.1

1,189,213.4

725,116.5

618,346.3

563,602.7

Accrued Expenses

27,470.0

11,566.7

12,018.7

17,005.2

45,629.7

Notes Payable/Short Term Debt

873,880.7

612,325.9

715,394.7

341,294.2

224,544.8

Current Portion - Long Term Debt/Capital Leases

393,743.5

18,587.8

39,557.5

71,967.6

28,363.2

Dividends Payable

-

-

-

0.0

1,375.0

Customer Advances

76,293.5

84,466.2

66,818.2

34,156.8

35,651.8

Security Deposits

3,058.5

222.7

213.7

58.3

58.1

Income Taxes Payable

5,149.7

12,033.1

38,742.7

366.7

13,735.6

Other Current Liabilities

122,807.1

103,276.0

110,056.9

56,939.5

141,475.0

Other Current liabilities, Total

207,308.8

199,997.9

215,831.6

91,521.4

192,295.6

Total Current Liabilities

2,662,916.1

2,031,691.6

1,707,919.0

1,140,134.8

1,054,436.1

 

 

 

 

 

 

Long Term Debt

922,704.5

794,242.3

279,900.6

262,256.6

350,262.4

Capital Lease Obligations

37,599.2

45,624.1

70,286.9

55,048.2

0.0

Total Long Term Debt

960,303.6

839,866.4

350,187.4

317,304.8

350,262.4

Total Debt

2,227,927.8

1,470,780.0

1,105,139.7

730,566.7

603,170.5

 

 

 

 

 

 

Deferred Income Tax - LT Liability

134,665.1

130,507.8

46,380.4

72,277.8

38,772.6

Deferred Income Tax

134,665.1

130,507.8

46,380.4

72,277.8

38,772.6

Minority Interest

3,895.5

9,768.1

11,411.7

15,174.8

16,399.8

Reserves

130,802.4

118,308.7

127,683.0

94,812.3

89,143.3

Pension Benefits - Underfunded

10,422.8

973.4

1,184.6

217.4

165.1

Other Long Term Liabilities

163,694.9

174,700.7

175,145.8

140,351.7

26,655.2

Other Liabilities, Total

304,920.1

293,982.8

304,013.5

235,381.3

115,963.6

Total Liabilities

4,066,700.5

3,305,816.6

2,419,912.0

1,780,273.5

1,575,834.5

 

 

 

 

 

 

Common Stock

505,273.2

489,192.2

474,943.9

474,943.9

474,943.9

Common Stock

505,273.2

489,192.2

474,943.9

474,943.9

474,943.9

Additional Paid-In Capital

24,829.4

19,244.9

1,401.8

1,294.1

1,294.1

Retained Earnings (Accumulated Deficit)

763,965.0

660,893.6

548,525.2

500,969.0

426,566.5

Unrealized Gain (Loss)

228,195.6

161,995.2

-30,389.0

8,523.6

11,982.5

Translation Adjustment

62,984.9

57,995.8

61,488.0

-5,071.9

-15,242.5

Other Equity

-287.8

294.3

829.0

1,170.0

-1,582.9

Other Equity, Total

62,697.1

58,290.1

62,317.0

-3,901.9

-16,825.4

Total Equity

1,584,960.3

1,389,616.0

1,056,798.9

981,828.6

897,961.7

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

5,651,660.8

4,695,432.7

3,476,710.9

2,762,102.2

2,473,796.1

 

 

 

 

 

 

Shares Outstanding - Common Stock Primary Issue

101.1

100.8

100.8

100.8

100.8

Total Common Shares Outstanding

101.1

100.8

100.8

100.8

100.8

Treasury Shares - Common Stock Primary Issue

0.0

0.0

0.0

0.0

0.0

Employees

1,796

1,431

1,486

1,494

1,503

Number of Common Shareholders

45,691

40,785

37,135

44,406

38,819

Deferred Revenue - Current

76,293.5

84,466.2

66,818.2

34,156.8

35,651.8

Total Long Term Debt, Supplemental

866,844.0

327,395.0

346,695.0

372,157.0

436,433.2

Long Term Debt Maturing within 1 Year

393,743.0

18,588.0

39,557.0

71,967.0

28,363.2

Long Term Debt Maturing in Year 2

39,115.0

51,433.0

71,542.0

59,667.0

94,521.0

Long Term Debt Maturing in Year 3

78,625.0

54,140.0

47,592.0

63,137.0

52,940.0

Long Term Debt Maturing in Year 4

133,874.0

72,754.0

45,722.0

38,776.0

56,543.0

Long Term Debt Maturing in Year 5

77,325.0

47,734.0

44,021.0

39,049.0

32,384.0

Long Term Debt Maturing in 2-3 Years

117,740.0

105,573.0

119,134.0

122,804.0

147,461.0

Long Term Debt Maturing in 4-5 Years

211,199.0

120,488.0

89,743.0

77,825.0

88,927.0

Long Term Debt Matur. in Year 6 & Beyond

144,162.0

82,746.0

98,261.0

99,561.0

171,682.0

Total Operating Leases, Supplemental

-

-

46.0

56.0

-

Operating Lease Payments Due in Year 1

-

-

46.0

56.0

-

Oper. Lse. Pymts. Due in Year 6 & Beyond

-

-

0.0

0.0

-

 

 

Interim Balance Sheet

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Updated Normal
31-Mar-2011

Filed Currency

KRW

KRW

KRW

Exchange Rate

1

1

1

 

 

 

 

Cash & Equivalents

1,130,250.7

380,204.4

363,640.7

Short Term Investments

1.0

0.9

1.1

Cash and Short Term Investments

1,130,251.7

380,205.3

363,641.8

Accounts Receivable - Trade, Gross

3,094,345.0

3,043,626.0

2,800,709.0

Provision for Doubtful Accounts

-47,911.0

-44,935.0

-49,326.0

Trade Accounts Receivable - Net

3,048,228.0

3,000,039.0

2,752,407.0

Other Receivables

39,095.3

51,293.5

33,140.8

Total Receivables, Net

3,087,323.3

3,051,332.5

2,785,547.8

Inventories - Finished Goods

1,026,559.0

1,037,356.0

826,313.0

Inventories - Work In Progress

15,129.0

14,377.0

15,701.0

Inventories - Raw Materials

34,928.0

48,480.0

41,690.0

Inventories - Other

409,052.4

381,672.8

600,170.1

Total Inventory

1,485,668.4

1,481,885.8

1,483,874.1

Prepaid Expenses

103,103.7

34,588.8

15,323.9

Other Current Assets

641,020.4

101,913.9

118,288.9

Other Current Assets, Total

641,020.4

101,913.9

118,288.9

Total Current Assets

6,447,367.5

5,049,926.4

4,766,676.5

 

 

 

 

Buildings

161,053.0

290,881.0

291,921.0

Land/Improvements

78,697.0

78,632.0

77,752.0

Machinery/Equipment

265,981.0

492,068.0

480,216.0

Construction in Progress

64,612.0

50,692.0

38,083.0

Other Property/Plant/Equipment

61,814.1

80,139.3

80,241.3

Property/Plant/Equipment - Gross

632,157.1

992,412.3

968,213.3

Accumulated Depreciation

-208,047.0

-446,684.0

-443,115.0

Property/Plant/Equipment - Net

424,110.1

545,728.3

525,098.3

Goodwill, Net

10,851.0

-

-

Intangibles, Net

1,036,614.6

954,383.8

870,890.0

LT Investment - Affiliate Companies

1,397,101.1

1,338,372.9

1,264,518.1

LT Investments - Other

123,571.8

136,468.3

139,411.3

Long Term Investments

1,520,672.9

1,474,841.2

1,403,929.4

Note Receivable - Long Term

92,913.0

78,845.6

88,645.7

Deferred Income Tax - Long Term Asset

6,051.9

5,441.2

6,390.7

Other Long Term Assets

9,634.7

22,257.4

22,917.2

Other Long Term Assets, Total

15,686.6

27,698.6

29,307.9

Total Assets

9,548,215.6

8,131,423.9

7,684,547.8

 

 

 

 

Accounts Payable

1,138,778.8

1,209,778.4

1,289,697.4

Accrued Expenses

44,541.0

31,388.0

28,970.0

Notes Payable/Short Term Debt

3,695,427.6

3,056,089.0

2,664,474.3

Current Portion - Long Term Debt/Capital Leases

-

-

395,593.1

Dividends Payable

-

-

20,211.0

Customer Advances

103,396.0

87,307.0

-

Security Deposits

238.0

765.0

1,590.0

Income Taxes Payable

332.7

7,639.5

1,136.1

Other Payables

266,776.0

180,903.0

159,447.0

Other Current Liabilities

492,240.4

79,757.0

178,119.3

Other Current liabilities, Total

862,983.1

356,371.5

360,503.4

Total Current Liabilities

5,741,730.5

4,653,626.9

4,739,238.2

 

 

 

 

Long Term Debt

1,854,542.5

1,593,426.7

1,175,903.0

Total Long Term Debt

1,854,542.5

1,593,426.7

1,175,903.0

Total Debt

5,549,970.1

4,649,515.7

4,235,970.4

 

 

 

 

Deferred Income Tax - LT Liability

57,001.1

47,714.1

34,149.0

Deferred Income Tax

57,001.1

47,714.1

34,149.0

Minority Interest

5,947.0

853.6

818.3

Reserves

83,842.6

125,945.1

128,022.4

Pension Benefits - Underfunded

21,275.6

18,166.1

11,249.6

Other Long Term Liabilities

54,792.9

43,291.5

22,368.6

Other Liabilities, Total

159,911.1

187,402.7

161,640.7

Total Liabilities

7,819,132.2

6,483,023.9

6,111,749.2

 

 

 

 

Common Stock

515,904.1

514,839.0

513,220.8

Common Stock

515,904.1

514,839.0

513,220.8

Additional Paid-In Capital

76,029.9

67,421.0

61,236.1

Retained Earnings (Accumulated Deficit)

903,912.2

839,492.1

753,338.0

Unrealized Gain (Loss)

234,040.0

240,981.0

253,590.0

Translation Adjustment

-139.0

-13,685.0

-7,938.0

Other Equity

-663.7

-648.0

-648.2

Other Equity, Total

-802.7

-14,333.0

-8,586.2

Total Equity

1,729,083.4

1,648,400.0

1,572,798.6

 

 

 

 

Total Liabilities & Shareholders’ Equity

9,548,215.6

8,131,423.9

7,684,547.8

 

 

 

 

Shares Outstanding - Common Stock Primary Issue

103.2

103.0

102.6

Total Common Shares Outstanding

103.2

103.0

102.6

Treasury Shares - Common Stock Primary Issue

0.0

0.0

0.0

Employees

1,861

1,849

1,805

Deferred Revenue - Current

103,396.0

87,307.0

-

Total Long Term Debt, Supplemental

-

-

411,595.1

Long Term Debt Maturing within 1 Year

-

-

411,595.1

Long Term Debt Matur. in Year 6 & Beyond

-

-

0.0

 

 

Annual Cash Flows

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Reclassified Normal
31-Dec-2008

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

119,032.9

130,910.5

78,618.2

97,315.8

112,039.4

Depreciation

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Depreciation/Depletion

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Amortization of Intangibles

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

Amortization

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

Deferred Taxes

-26,039.9

44,762.0

-33,058.7

22,156.5

23,632.4

Unusual Items

203,629.2

55,533.1

83,768.8

57,914.8

30,388.0

Equity in Net Earnings (Loss)

-198,058.0

-152,941.0

-70,718.8

-108,004.8

-102,556.4

Other Non-Cash Items

46,647.9

69,136.6

66,157.9

13,262.2

-10,768.1

Non-Cash Items

52,219.0

-28,271.3

79,208.0

-36,827.7

-82,936.5

Accounts Receivable

-429,085.1

-174,194.1

-245,817.1

54,422.3

-11,310.1

Inventories

-604,323.0

29,442.1

-130,732.3

7,761.6

-114,657.5

Prepaid Expenses

4,547.7

95.5

-594.3

2,283.5

4,815.8

Other Assets

27,489.7

50,415.0

35,163.6

4,144.1

-16,522.6

Accounts Payable

-20,309.3

505,690.6

93,208.0

41,843.0

39,631.2

Accrued Expenses

7,743.3

6,053.0

-5,193.1

-48,317.5

-989.5

Taxes Payable

-6,911.9

-26,506.9

37,438.3

-13,589.9

11,912.8

Other Liabilities

-14,425.5

-10,815.0

32,056.8

-10,828.1

24,814.1

Other Operating Cash Flow

63,927.2

49,926.6

51,483.7

24,824.4

13,561.9

Changes in Working Capital

-971,346.8

430,107.0

-132,986.4

62,543.4

-48,744.0

Cash from Operating Activities

-789,785.6

614,337.9

27,990.1

178,157.9

25,486.9

 

 

 

 

 

 

Purchase of Fixed Assets

-62,016.3

-64,204.5

-11,418.6

-9,281.9

-7,656.3

Purchase/Acquisition of Intangibles

-241,730.1

-143,458.1

-149,789.8

-102,893.3

-71,587.0

Capital Expenditures

-303,746.4

-207,662.6

-161,208.4

-112,175.2

-79,243.3

Sale of Fixed Assets

28,601.2

1,037.7

2,105.6

8,615.3

7,539.9

Sale/Maturity of Investment

21,245.0

34,601.0

414,416.7

196,546.3

150,007.6

Purchase of Investments

-179,381.0

-146,885.4

-408,362.2

-244,414.3

-99,056.8

Sale of Intangible Assets

-

2,508.8

-

-

-

Other Investing Cash Flow

-23,120.6

12,932.8

-2,272.5

-3,584.2

-2,071.0

Other Investing Cash Flow Items, Total

-152,655.4

-95,805.1

5,887.7

-42,836.9

56,419.7

Cash from Investing Activities

-456,401.9

-303,467.7

-155,320.8

-155,012.0

-22,823.6

 

 

 

 

 

 

Other Financing Cash Flow

-7,581.2

-58,964.3

-40,483.3

3,896.2

-40,000.3

Financing Cash Flow Items

-7,581.2

-58,964.3

-40,483.3

3,896.2

-40,000.3

Total Cash Dividends Paid

-4,891.9

-4,749.4

-33,246.1

-4,530.4

-2,012.7

Short Term Debt Issued

262,841.3

-

323,938.1

120,379.7

187,976.8

Short Term Debt Reduction

-3,799.7

-106,974.6

-

-

-159,864.5

Short Term Debt, Net

259,041.7

-106,974.6

323,938.1

120,379.7

28,112.3

Long Term Debt Issued

459,381.3

558,636.9

26,401.3

11,894.8

4,408.5

Long Term Debt Reduction

-5,846.9

-44,029.9

-56,027.0

-66,659.6

-42,295.0

Long Term Debt, Net

453,534.4

514,607.1

-29,625.7

-54,764.8

-37,886.5

Issuance (Retirement) of Debt, Net

712,576.0

407,632.5

294,312.4

65,614.9

-9,774.2

Cash from Financing Activities

700,102.9

343,918.7

220,583.0

64,980.8

-51,787.2

 

 

 

 

 

 

Foreign Exchange Effects

-4,341.7

-4,047.2

4,174.1

610.0

474.3

Net Change in Cash

-550,426.3

650,741.7

97,426.4

88,736.7

-48,649.7

 

 

 

 

 

 

Net Cash - Beginning Balance

975,141.0

324,399.3

226,972.9

138,236.2

186,885.9

Net Cash - Ending Balance

424,714.8

975,141.0

324,399.3

226,972.9

138,236.2

Interim Cash Flows

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

  Financial Glossary

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

30-Sep-2010

30-Jun-2010

Period Length

9 Months

6 Months

3 Months

9 Months

6 Months

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Updated Normal
31-Mar-2011

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

 

 

 

 

 

 

Net Income/Starting Line

156,530.9

91,400.8

2,722.6

-24,093.6

60,664.7

Depreciation

15,146.9

14,173.7

5,094.0

18,720.9

9,399.5

Depreciation/Depletion

15,146.9

14,173.7

5,094.0

18,720.9

9,399.5

Amortization of Intangibles

3,831.2

2,204.0

1,170.3

658.2

2,421.5

Amortization

3,831.2

2,204.0

1,170.3

658.2

2,421.5

Discontinued Operations

-91,816.9

-

-

-

-

Unusual Items

1,846.1

25,546.8

7,941.1

198,508.9

29,112.3

Equity in Net Earnings (Loss)

-98,176.9

-64,793.4

22.3

-139,160.7

-97,132.2

Other Non-Cash Items

169,059.7

69,555.2

52,655.1

77,104.7

98,489.7

Non-Cash Items

-19,087.9

30,308.7

60,618.5

136,453.0

30,469.9

Accounts Receivable

-698,403.0

-793,019.3

-412,407.0

-450,376.0

-557,474.4

Inventories

-420,959.8

-212,224.6

-292,362.9

-523,245.0

-325,351.2

Prepaid Expenses

-5,197.2

-139,493.7

-67,788.5

14,712.3

-26,287.4

Other Assets

-

-22.6

-168.8

-

-

Accounts Payable

221,461.9

242,034.6

265,924.1

135,066.6

299,718.5

Accrued Expenses

-

42,565.9

351.7

-

-

Other Liabilities

60,615.1

11,149.9

-122.6

-24,256.6

1,286.2

Other Operating Cash Flow

-92,391.2

-49,834.1

-24,705.6

-59,230.4

-34,864.1

Changes in Working Capital

-934,874.1

-898,844.0

-531,279.7

-907,329.0

-642,972.5

Cash from Operating Activities

-778,453.0

-760,756.8

-461,674.3

-775,590.6

-540,017.0

 

 

 

 

 

 

Purchase of Fixed Assets

-87,141.5

-59,195.1

-51,694.8

-8,965.5

-12,663.1

Purchase/Acquisition of Intangibles

-267,384.9

-167,852.7

-52,166.4

-74,901.0

-128,558.2

Capital Expenditures

-354,526.4

-227,047.8

-103,861.2

-83,866.6

-141,221.3

Sale of Fixed Assets

1,144.0

707.5

284.8

21,021.1

1,451.8

Sale/Maturity of Investment

12,978.4

292,056.9

184,630.4

1,428.2

3,123.5

Purchase of Investments

-88,850.5

-317,068.1

-188,982.0

-9,865.3

-21,606.4

Sale of Intangible Assets

400.5

400.5

-

-

-

Other Investing Cash Flow

-36,102.9

-6,640.7

-40,818.5

-30,249.2

11,785.0

Other Investing Cash Flow Items, Total

-110,430.6

-30,543.9

-44,885.2

-17,665.3

-5,246.1

Cash from Investing Activities

-464,957.0

-257,591.7

-148,746.4

-101,531.9

-146,467.4

 

 

 

 

 

 

Other Financing Cash Flow

-1,264.5

-2,418.2

-44.8

-622.4

-5,251.3

Financing Cash Flow Items

-1,264.5

-2,418.2

-44.8

-622.4

-5,251.3

Total Cash Dividends Paid

-20,210.9

-20,210.9

-

-4,891.9

-4,891.9

Short Term Debt Issued

1,578,151.5

947,310.7

590,773.7

243,202.3

7,659.2

Short Term Debt Reduction

-

-

-62,427.1

-

-

Short Term Debt, Net

1,578,151.5

947,310.7

528,346.6

243,202.3

7,659.2

Long Term Debt Issued

384,802.4

43,906.3

3,971.5

76,745.1

49,138.4

Long Term Debt Reduction

-19,386.5

-21,603.9

-6,783.4

-18,254.8

-11,269.1

Long Term Debt, Net

365,415.9

22,302.4

-2,811.9

58,490.3

37,869.3

Issuance (Retirement) of Debt, Net

1,943,567.4

969,613.1

525,534.7

301,692.6

45,528.5

Cash from Financing Activities

1,922,091.9

946,984.0

525,489.8

296,178.3

35,385.3

 

 

 

 

 

 

Foreign Exchange Effects

-

-

-2,997.2

-

-

Net Change in Cash

678,681.9

-71,364.5

-87,928.2

-580,944.1

-651,099.1

 

 

 

 

 

 

Net Cash - Beginning Balance

451,568.9

451,568.9

451,568.9

985,126.0

985,126.0

Net Cash - Ending Balance

1,130,250.7

380,204.4

363,640.7

404,181.9

334,026.9

Cash Interest Paid

105,885.0

76,987.5

20,811.7

46,891.3

23,082.2

Cash Taxes Paid

26,679.9

4.3

9,984.4

44,369.5

35.6

 

Annual Income Statement

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Sales

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

Total Revenue

16,111,805.6

11,543,856.0

11,426,364.4

8,215,446.6

6,846,816.1

 

 

 

 

 

 

Cost of Revenue

15,164,135.9

10,731,997.1

10,638,941.7

7,646,599.4

6,308,108.9

Selling/General/Adm.

-

654,971.7

664,785.7

484,775.0

445,803.4

Salaries & Wages

114,434.0

-

-

-

-

Salaries & Retirement Allowance

13,117.0

-

-

-

-

Employee Benefits

25,638.0

-

-

-

-

Compensation Expenses Associated with St

3.0

-

-

-

-

Travel Expense

10,870.0

-

-

-

-

Communication Expense

4,229.0

-

-

-

-

Utility Expenses

1,024.0

-

-

-

-

Taxes & Dues

10,103.0

-

-

-

-

Rental Expenses

15,218.0

-

-

-

-

Depreciation

7,284.0

-

-

-

-

Amortization of Intangible Assets

1,687.0

-

-

-

-

Expenses of Allowance for Doubtful Accou

8,348.0

-

-

-

-

Repair Expenses

1,263.0

-

-

-

-

Insurance Expense

16,556.0

-

-

-

-

Entertainment Expenses

3,027.0

-

-

-

-

Advertising Expenses

2,219.0

-

-

-

-

Packaging Expense

262.0

-

-

-

-

Freight Expenses

368,498.0

-

-

-

-

Export Expenses

28,861.0

-

-

-

-

Commissions

107,344.0

-

-

-

-

Supply Expenses

1,703.0

-

-

-

-

Vehicle Maintenance Expenses

3,652.0

-

-

-

-

Publication Expenses

637.0

-

-

-

-

Training Expenses

1,266.0

-

-

-

-

Development Expenses

337.0

-

-

-

-

Sales Promotional Expenses

8,595.0

-

-

-

-

Expo Exspenses

356.0

-

-

-

-

Sample Expenses

3,047.0

-

-

-

-

Miscellaneous Expenses

2,918.0

-

-

-

-

Other Selling and Administrative Expense

3,521.0

-

-

-

-

Adjustment

0.5

-

-

-

-

Total Operating Expense

15,930,153.4

11,386,968.8

11,303,727.4

8,131,374.4

6,753,912.3

 

 

 

 

 

 

Interest Income

9,488.9

12,816.8

12,548.3

12,938.1

16,079.9

Dividend Income

2,246.3

135.9

2,084.7

5,175.5

2,443.5

Rental Income

13.8

15.6

25.7

13.1

21.5

G-Tang Asst Disposal

1,002.7

734.4

205.9

273.4

80.8

Recovery-Contingency Loss Reserve

7,456.8

5,863.8

-

459.4

0.0

G-Currency Contract Settlement Valuation

-

-

3,726.8

-

-

Gain-Commodity Futures Transaction

180,615.5

163,763.5

186,124.7

89,866.9

73,422.8

G-Commodity Future Valu

22,222.0

20,030.0

13,112.1

4,373.0

5,275.6

G-Currency Futr Trade

167,874.6

114,933.0

143,635.4

27,925.9

30,260.3

G-Currency Futr Valu

29,544.8

20,463.0

11,439.0

3,434.7

3,903.7

G-Inv.Asset Disposal

-

15,768.3

10,606.4

12,596.7

10,450.9

Gain-Foreign Exchange Transaction

425,445.3

406,103.9

559,795.5

94,878.2

91,006.1

Gain-Foreign Currency Translation

43,299.5

48,151.8

107,530.1

19,625.0

26,531.8

Revers-Doubtful Acct

343.0

3,830.9

2,336.6

0.0

1,356.5

Fees Received

38.2

2,144.5

938.2

590.1

859.9

Gain-Valuation of Contracts-Settlement

131,506.6

88,392.0

-

-

-

Gain-Merchandise Settlement Valuation

-

-

68,819.1

29,996.1

11,488.8

Gain on disposal of Subsidiaries

-

6,139.2

-

-

-

Other Non-Operating Income

2,047.6

5,843.6

36,691.2

7,132.6

11,067.0

Interest Expense, Non-Operating

-50,919.0

-48,760.8

-11,557.1

-33,282.9

-34,814.0

L-Trade Rcvbl Disposal

-52,729.5

-65,526.4

-70,445.1

-42,666.4

-43,017.2

Loss-Reduction of Intangible Assets

-

-

-

-4,374.9

0.0

Loss-Valuation of Inventories

-

-802.2

-6,553.7

-393.4

-496.0

L-Tang.Asst Disposal

-280.8

-132.6

-406.8

-51.1

-1,669.7

Loss-Reduction of Tangible Assets

-126,014.5

-790.7

-6,956.9

-689.1

-

L-Commodity Futures Valu

-54,165.1

-37,744.6

-37,528.1

-11,063.3

-8,968.6

L-Currency Futures Trade

-166,236.1

-88,253.2

-135,989.1

-53,621.9

-23,604.0

L-Commodity Futures Trade

-214,107.6

-210,501.7

-210,489.5

-83,358.1

-56,742.9

L-Currency Futr Valu

-20,812.4

-26,479.5

-15,216.7

-3,174.5

-5,726.9

Loss-Foreign Exchange Transaction

-425,863.0

-427,569.5

-626,028.0

-85,433.8

-100,025.2

Loss-Foreign Currency Translation

-41,218.6

-39,577.9

-86,010.2

-21,533.3

-10,084.2

Loss-Reduction of Investment Assets

-3,355.1

-19,322.7

-3,468.7

-

-

Loss-Disposal of Investment Assets

-1,846.6

-1,460.6

-

-375.3

-148.6

L-Liab.Redemption

-

-757.2

-110.0

-93.9

-598.1

L-Merchandise Settlement Valuation

-

-

-26,935.5

-26,894.8

-24,447.3

Other Amortization

-15,679.1

-29,576.7

-378.8

0.0

-1,162.6

Donations Paid

-1,352.7

-2,087.9

-613.4

-378.9

-278.0

Reserve-Recovery

-176.3

-101.4

-

-

-

Contingency Loss

-17,433.4

-2,297.4

-2,610.7

-2,579.8

-2,473.5

L-Currency Contract Settlement Valuation

-

-

-7,338.1

-

-

Loss-Valuation of Confirmed Contracts

-98,515.2

-35,344.3

-

-

-

Other Non-Operating Expense

-8,286.6

-5,745.9

-7,078.9

-7,002.9

-6,101.0

Gain under Equity Method

203,794.4

155,454.8

74,796.5

110,435.2

104,222.9

Loss under Equity Method

-3,889.8

-1,053.2

-4,077.8

-2,055.1

-1,517.9

Net Income Before Taxes

105,711.1

183,586.0

97,260.3

124,762.5

159,499.8

 

 

 

 

 

 

Provision for Income Taxes

-13,321.9

52,675.5

18,642.1

27,446.7

47,460.5

Net Income After Taxes

119,032.9

130,910.5

78,618.2

97,315.8

112,039.4

 

 

 

 

 

 

Minority Interest

3,687.8

455.7

7,197.3

3,966.3

-141.2

Net Income Before Extra. Items

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

Net Income

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Income Available to Com Excl E

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Income Available to Com Incl E

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

 

 

 

 

 

 

Basic Weighted Average Shares

100.8

100.8

100.8

100.8

100.8

Basic EPS Excluding ExtraOrdin

1,217.00

1,303.58

851.57

1,005.05

1,110.39

Basic EPS Including ExtraOrdin

1,217.00

1,303.58

851.57

1,005.05

1,110.39

Dilution Adjustment

0.0

0.0

0.0

0.0

-

Diluted Net Income

122,720.8

131,366.2

85,815.5

101,282.2

111,898.1

Diluted Weighted Average Share

100.9

100.9

100.9

101.0

101.0

Diluted EPS Excluding ExtraOrd

1,216.09

1,302.58

850.13

1,002.58

1,107.66

Diluted EPS Including ExtraOrd

1,216.09

1,302.58

850.13

1,002.58

1,107.66

DPS-Common Stock

200.00

48.54

47.13

329.91

282.78

Gross Dividends - Common Stock

20,211.0

4,892.0

4,749.0

33,246.0

28,497.0

Normalized Income Before Taxes

371,826.2

459,012.3

378,395.8

250,564.8

260,848.9

 

 

 

 

 

 

Inc Tax Ex. Impact of Sp Items

79,818.4

131,702.3

72,528.0

55,122.1

77,617.7

Normalized Income After Taxes

292,007.8

327,309.9

305,867.8

195,442.6

183,231.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

295,695.6

327,765.6

313,065.1

199,409.0

183,090.0

 

 

 

 

 

 

Basic Normalized EPS

2,932.35

3,252.50

3,106.62

1,978.78

1,816.84

Diluted Normalized EPS

2,930.17

3,250.00

3,101.36

1,973.92

1,812.38

Interest Expense

50,919.0

48,760.8

11,557.1

33,282.9

34,814.0

Interest Capitalized

-22,085.0

-20,245.0

-17,137.0

-3,999.0

-

Rental Expense

15,218.0

14,628.0

13,189.0

12,413.0

-

Advertising Expense

10,814.0

8,567.0

12,882.0

3,033.0

-

Research & Development, Supplemental

337.0

521.0

341.0

360.0

216.0

Depreciation

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Amort of Intangibles, Suppleme

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

 

Interim Income Statement

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

30-Sep-2010

30-Jun-2010

Period Length

3 Months

6 Months

3 Months

3 Months

6 Months

UpdateType/Date

Updated Normal
30-Sep-2011

Restated Special
30-Sep-2011

Updated Normal
31-Mar-2011

Updated Normal
30-Sep-2011

Restated Special
30-Sep-2011

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

 

 

 

 

 

 

Sales Revenue

4,680,899.3

9,395,455.8

4,575,585.9

3,835,379.7

7,954,930.5

Total Revenue

4,680,899.3

9,395,455.8

4,575,585.9

3,835,379.7

7,954,930.5

 

 

 

 

 

 

Cost-Revenue

4,476,285.8

8,891,745.2

4,309,337.5

3,608,742.5

7,463,992.4

Salaries and Wages

-

-

34,762.0

-

-

Retirement and Severance Benefits

-

-

2,206.0

-

-

Employee Benefits

-

-

4,896.0

-

-

Expense-Stock Compensation

-

-

1.0

-

-

Travel Expenses

-

-

2,747.0

-

-

Communication Expenses

-

-

1,217.0

-

-

Utility Expenses

-

-

373.0

-

-

Taxes and Dues

-

-

3,635.0

-

-

Rental Expenses

-

-

4,142.0

-

-

Depreciation

-

-

1,659.0

-

-

Amortization of Intangible Assets

-

-

284.0

-

-

Repair Expenses

-

-

187.0

-

-

Insurance Premiums

-

-

4,496.0

-

-

Entertainment Expenses

-

-

703.0

-

-

Advertising Expenses

-

-

461.0

-

-

Packaging Expenses

-

-

918.0

-

-

Freight Expenses

-

-

87,236.0

-

-

Shipment

-

-

7,145.0

-

-

Commissions

-

-

28,884.0

-

-

Leasing Expense

-

-

110.0

-

-

Expenses of Allowance for Doubtful Accou

-

-

719.0

-

-

Supply Expenses

-

-

576.0

-

-

Vehicle Maintenance Expenses

-

-

832.0

-

-

Publication Expenses

-

-

164.0

-

-

Training Expenses

-

-

264.0

-

-

Development Expenses

-

-

380.0

-

-

Sales Promotional Expenses

-

-

1,774.0

-

-

Expo Expense

-

-

46.0

-

-

Sample Expenses

-

-

724.0

-

-

Miscellaneous Expenses

-

-

723.0

-

-

Conference Expense

-

-

467.0

-

-

Other Selling and Administrative Expense

-

-

105.0

-

-

Adjustment for Selling and Administrativ

-

-

1.9

-

-

Rental Income

-

-

-3.0

-

-

Fee & Commission Received

-

-

-8.0

-

-

Gain-Disposal of Tangible Assets

-

-

-9.0

-

-

Recovery-Loan Loss Reserve

-

-

-105.0

-

-

Miscellaneous Non-Operating Income

-

-

-587.0

-

-

Adjustment for Other Operating Income

-

-

0.9

-

-

Provisions for Restoration

-

-

37.0

-

-

Loss-Disposal of Tangible Assets

-

-

73.0

-

-

Donations Received

-

-

1,123.0

-

-

S Contingency Loss

-

-

471.0

-

-

Miscellaneous Non-Operating Expense

-

-

1,620.0

-

-

Adjustment for Other Operating Expense

-

-

0.0

-

-

Selling and Administrative Expenses

200,670.8

390,004.8

-

179,621.5

379,065.6

Other Operating Income

-760.4

-2,675.2

-

-8,428.7

-2,354.9

Other Operating Expense

4,461.9

4,212.1

-

7,706.8

8,678.1

Total Operating Expense

4,680,658.0

9,283,286.9

4,504,788.2

3,787,642.2

7,849,381.1

 

 

 

 

 

 

Interest Income

-

-

2,092.0

-

-

Financial Guarantee Credit

-

-

37.0

-

-

Dividend Income

-

-

3.0

-

-

Gains on Foreign Currency Transactions

-

-

79,938.0

-

-

Gains on Foreign Currency Translation

-

-

80,024.0

-

-

Gain-Valuation of Currency Forwards

-

-

13,838.0

-

-

Gain-Futures Valuation

-

-

18,097.0

-

-

Gain-Futures Transactions

-

-

30,555.0

-

-

Gain-Currency Forwards Transactions

-

-

45,685.0

-

-

Gain-Valuation of Contracts-Settlement

-

-

12,641.0

-

-

Adjustment for Finance Income

-

-

0.9

-

-

Loss-Disposal of Accounts Receivable

-

-

-1,947.0

-

-

Interest Expenses

-

-

-25,761.0

-

-

Losses on Foreign Currency Transactions

-

-

-86,768.0

-

-

Losses on Foreign Currency Translation

-

-

-73,345.0

-

-

Loss-Valuation of Currency Forwards

-

-

-12,151.0

-

-

Loss-Futures Valuation

-

-

-28,157.0

-

-

Loss-Futures Transactions

-

-

-68,475.0

-

-

Loss-Currency Forwards Transaction

-

-

-26,317.0

-

-

Loss-Valuation of Confirmed Contracts

-

-

-17,179.0

-

-

Loss-Valuation of Convertible Bond

-

-

-7,876.0

-

-

Adjustment for Finance Expense

-

-

0.6

-

-

Gain on Investment in Affiliates

37,662.8

66,260.5

5,106.3

44,859.8

98,179.9

Loss on Investment in Affiliates

-4,279.4

-1,467.1

-5,128.5

-2,831.3

-1,047.7

Finance Income

729,111.6

534,606.9

-

341,820.5

612,513.3

Finance Expense

-791,294.0

-606,784.0

-

-354,926.9

-738,163.4

Net Income Before Taxes

-28,557.6

104,785.1

5,710.9

76,659.7

77,031.5

 

 

 

 

 

 

Provision for Income Taxes

8,530.3

21,578.0

2,988.3

10,677.9

10,941.2

Net Income After Taxes

-37,087.9

83,207.1

2,722.6

65,981.8

66,090.3

 

 

 

 

 

 

Minority Interest

448.6

1,149.6

962.4

768.0

-310.3

Net Income Before Extra. Items

-36,639.3

84,356.7

3,685.0

66,749.8

65,780.0

Gain on Discontinued Operations

102,218.0

8,193.7

-

-150,740.1

-5,425.6

Net Income

65,578.7

92,550.4

3,685.0

-83,990.3

60,354.4

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

-36,639.3

84,356.7

3,685.0

66,749.8

65,780.0

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

65,578.7

92,550.4

3,685.0

-83,990.3

60,354.4

 

 

 

 

 

 

Basic Weighted Average Shares

103.1

102.2

101.9

100.8

100.8

Basic EPS Excluding ExtraOrdinary Items

-355.35

825.81

36.17

662.37

652.75

Basic EPS Including ExtraOrdinary Item

636.02

906.02

36.17

-833.46

598.91

Dilution Adjustment

0.0

0.0

-

0.0

0.0

Diluted Net Income

65,578.7

92,550.4

3,685.0

-83,990.3

60,354.4

Diluted Weighted Average Shares

103.1

102.2

102.0

100.8

100.8

Diluted EPS Excluding ExtraOrd Items

-355.35

825.81

36.14

661.88

652.26

Diluted EPS Including ExtraOrd Items

636.02

906.02

36.14

-832.83

598.46

DPS-Common Stock

0.00

0.00

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

0.0

0.0

Normalized Income Before Taxes

-28,557.6

104,785.1

5,774.9

76,659.7

77,031.5

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

8,530.3

21,578.0

3,021.8

10,677.9

10,941.2

Normalized Income After Taxes

-37,087.9

83,207.1

2,753.1

65,981.8

66,090.3

 

 

 

 

 

 

Normalized Inc. Avail to Com.

-36,639.3

84,356.7

3,715.5

66,749.8

65,780.0

 

 

 

 

 

 

Basic Normalized EPS

-355.35

825.81

36.47

662.37

652.75

Diluted Normalized EPS

-355.35

825.81

36.44

661.88

652.26

Interest Expense, Supplemental

8,921.0

49,895.0

25,761.0

22,780.0

34,634.0

Rental Expense, Supplemental

4,324.0

9,235.0

4,142.0

3,999.0

7,345.0

Advertising Expense, Supplemental

3,344.0

4,416.0

2,235.0

2,612.0

4,972.0

R&D Expense, Supplemental

412.0

604.0

380.0

49.0

88.0

Depreciation, Supplemental

973.2

14,173.7

5,094.0

9,321.5

9,399.5

Amort of Intangibles, Supplemental

1,627.2

2,204.0

1,170.3

-1,763.2

2,421.5

 

 

Annual Balance Sheet

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Cash/Equivalents

424,699.8

975,047.5

324,222.1

226,619.9

137,612.2

ST Finl Assets

33,488.3

14,334.1

27,265.8

85,726.6

132,996.6

Marketable Secs.

0.6

5.4

54.8

27.6

13.7

ST Loans

3,485.2

12,057.4

17,410.0

8,299.2

2,119.4

Trade Rcvbls,G

1,103,523.5

762,879.8

681,943.1

473,698.4

551,105.7

Allw-Doubtful Ac

-48,823.8

-43,631.3

-49,842.8

-41,838.9

-43,888.0

Othert Rcvbls

113,514.6

30,387.2

39,561.7

31,206.0

42,418.4

Advance Payments

141,991.1

54,830.9

27,212.7

45,340.4

36,970.6

Prepaid Expense

5,476.3

15,465.9

14,280.0

11,578.5

7,988.3

Guarantee Deposit

1,752.5

344.3

707.8

514.1

251.0

Currency Futures

32,458.7

20,639.6

11,439.0

3,434.7

3,903.7

Accrued Income

1,495.2

3,298.3

74.4

1,699.7

482.3

Other Quick Asst

-

-

-

1,031.3

96.2

Commodity Futures

22,227.2

20,030.0

13,112.1

4,348.8

5,275.6

Deferred Income Tax

42,180.7

37,613.2

59,159.5

35,802.1

32,557.1

Contracts on Settlement

27,930.2

12,470.6

-

-

-

Merchandise Contracts on Settlement

-

-

7,067.5

2,890.2

3,568.7

Currency Contracts on Settlement

-

-

1,702.7

-

-

Merchandise

733,853.4

322,953.8

307,545.5

206,727.2

213,370.5

Finished Goods

25,629.8

14,028.8

22,462.5

16,188.8

25,509.2

Semi-finish Good

9,790.1

10,373.1

12,463.5

10,284.9

10,769.9

Work in Progress

7,470.5

5,895.7

7,425.3

7,352.5

3,978.8

Raw Materials

37,983.1

27,529.0

40,152.5

31,740.8

17,643.6

Suppl. Material

9,304.3

7,834.4

8,609.9

6,815.8

6,598.6

Supplies

13,211.8

12,760.6

14,321.2

10,230.9

9,751.5

Goods in Transit

137,651.4

39,021.7

71,205.8

59,345.3

72,309.3

Total Current Assets

2,880,294.6

2,356,169.9

1,659,556.5

1,239,064.8

1,273,402.6

 

 

 

 

 

 

LT Finl Assets

17.5

17.5

15.5

1,614.1

607.1

Investment Securities

103,687.7

85,221.4

73,087.7

59,264.8

40,458.2

Affiliates Stocks

1,280,694.7

1,008,970.2

618,132.3

608,274.3

452,591.3

LT Loan

65,469.8

35,079.9

1,857.8

20.0

20.6

LT Account Receivable

-

-

-

24,778.7

0.0

Other Inv Assets

-

-

86.4

9.3

4.5

LT Guarantee Dep

23,170.4

18,704.1

14,595.9

14,330.2

18,041.4

Resourc Devt Inv

570,773.8

458,811.9

389,785.0

249,124.5

177,602.0

Land

85,453.6

85,819.6

32,518.3

31,984.9

31,181.5

Buildings

303,728.0

303,137.4

316,722.6

259,085.9

238,768.6

Buildings-Reduction

-

-

-2,319.0

-

-

Deprec-Buildings

-63,950.2

-59,281.4

-56,962.7

-39,568.2

-32,154.3

Structures

16,783.4

14,750.5

14,271.4

12,870.3

12,903.1

Gov't Subsidy-Structure

-116.3

-

-

-

-

Deprec-Structure

-4,430.8

-3,786.4

-3,291.0

-2,413.0

-1,931.1

Structures-Reduction

-

-42.3

-

-

-

Tools/Equipments

4,740.0

3,787.5

3,938.6

3,376.9

4,065.5

Gov't Subsidy-Tools/Equip

-10.8

-25.6

-50.0

-98.3

-93.4

Depr-Tool/Equip

-3,872.3

-3,327.7

-3,513.3

-2,930.6

-3,343.6

Tools & Equipments-Reduction

-

-

-

-2.9

-

Machinery/Equip.

485,285.3

479,509.4

514,276.5

382,685.7

319,855.7

Gov't Subsidy-Machinery

-16.1

-23.5

-34.2

-49.8

-72.4

Reduction Loss-Machinery/Equip.

-127,246.4

-

-6,378.0

-1,214.1

-4.2

Depr-Mach/Equip.

-190,689.2

-185,164.6

-187,273.9

-134,796.7

-117,823.2

Transport Equip.

28,461.7

27,590.4

27,834.9

21,854.0

19,410.4

Deprec-Transport

-21,673.0

-20,357.4

-21,290.4

-16,253.1

-14,497.0

Fixtures

44,168.5

40,436.0

41,298.1

39,286.7

36,789.7

Fixtures-Government Subsidy

-0.2

-2.4

-5.8

-10.8

-18.3

Deprec-Fixtures

-35,146.5

-31,559.6

-32,103.6

-32,516.5

-30,046.3

Ship & Airplane

-

-

59.5

59.5

59.5

Dep-Ship/Airplan

-

-

-59.5

-59.5

-59.5

Construc in Prog

29,876.0

6,337.6

566.1

909.7

3,894.4

Mining Rights

151,648.2

52,731.4

55,496.6

25,254.8

22,451.1

Industrial Patnt

18,421.6

17,707.3

23,427.3

15,931.6

16,543.8

Development Cost

29.3

61.2

93.1

125.0

4,196.5

Other Intangible

323.3

1,382.1

1,795.2

1,467.3

217.6

Deferred Income Tax, Debit

5,785.4

2,623.3

215.6

74.7

0.0

Goodwill

0.0

154.9

361.4

567.9

774.4

Total Assets

5,651,660.8

4,695,432.7

3,476,710.9

2,762,102.2

2,473,796.1

 

 

 

 

 

 

Trade Payable

999,162.4

1,043,192.9

563,497.0

533,861.1

487,877.5

Accounts Payable

161,350.7

146,020.5

161,619.5

84,485.2

75,725.2

Dividend Payable

-

-

-

0.0

1,375.0

Inc Tax Payable

5,149.7

12,033.1

38,742.7

366.7

13,735.6

Accrued Expenses

27,470.0

11,566.7

12,018.7

17,005.2

45,629.7

Advances Receivd

76,293.5

84,201.0

66,611.9

34,044.3

35,651.8

Deposit Withheld

31,008.3

33,706.1

53,466.7

42,335.2

126,741.8

Unearned Income

-

265.2

206.3

112.5

0.0

CL Guarnt Depo

3,058.5

222.7

213.7

58.3

58.1

ST Borrowings

873,880.7

612,325.9

715,394.7

341,294.2

224,544.8

Current LT Liab.

393,743.5

18,587.8

39,557.5

71,967.6

28,363.2

CL Curr. Futures

25,081.7

26,681.6

15,216.8

3,174.5

5,729.0

Advances on Confirmed Contracts

12,300.0

4,857.1

-

-

-

Merchand Gift

54,170.8

37,944.6

37,584.0

11,063.3

8,968.6

Merchandise Advance-Confirmed Contract

-

-

2,116.5

366.5

35.7

Currency Advance-Confirmed Contract

-

-

1,673.0

-

-

Other Current Liabilities

246.3

86.5

-

-

-

Total Current Liability

2,662,916.1

2,031,691.6

1,707,919.0

1,140,134.8

1,054,436.1

 

 

 

 

 

 

Bonds

462,235.0

149,487.5

-

-

-

LT Borrowings

460,469.5

288,791.7

279,900.6

262,256.6

350,262.4

Capital Lease Liabilities

37,599.2

45,624.1

70,286.9

55,048.2

0.0

Convertible Bonds

-

355,963.1

-

-

-

Total Long Term Debt

960,303.6

839,866.4

350,187.4

317,304.8

350,262.4

 

 

 

 

 

 

LT Accounts Pay

2,404.6

4,103.3

2,311.5

5,047.9

8,181.4

LT Deposit Withheld

153,945.4

163,303.7

165,455.8

126,689.5

-

LT Accrued Exp

28.2

25.1

29.5

1,265.4

10,988.9

LT Guarant Deposit

7,316.7

7,268.6

7,349.1

7,348.8

7,485.0

Reserve-Sales Guarantee

-

1,445.8

1,680.3

172.7

106.6

Rsv-Contingency Loss

126,625.5

112,913.0

123,935.6

94,639.6

89,036.7

Retirement Resrv

50,872.3

43,371.9

1,184.6

217.4

165.1

Deposit-Retirement Insurance

-40,085.7

-42,005.5

-

-

-

Transfer to National Pension Fund

-363.8

-393.0

-

-

-

Reserve-Recovery

4,176.9

3,949.9

2,067.2

-

-

Deferred Income Tax

134,665.1

130,507.8

46,380.4

72,277.8

38,772.6

Minority Int.

3,895.5

9,768.1

11,411.7

15,174.8

16,399.8

Total Liabilities

4,066,700.5

3,305,816.6

2,419,912.0

1,780,273.5

1,575,834.5

 

 

 

 

 

 

Common Stock

505,273.2

489,192.2

474,943.9

474,943.9

474,943.9

Consolidated Capital Surplus

24,829.4

19,244.9

1,401.8

1,294.1

1,294.1

Consolidated Retained Earnings

763,965.0

660,893.6

548,525.2

500,969.0

426,566.5

Othr Capital Adj

-663.8

-

-

-

-2,752.9

Discounts on Stock Issuance

-

-81.7

-

-

-

Unissu Share Cap

376.0

376.0

829.0

1,170.0

1,170.0

Capital Change, Equity Method

143,843.9

91,673.3

16,725.3

6,229.6

35,360.4

G-Secs for Sale Valuation

46,701.9

32,374.1

24,473.0

25,862.5

4,417.7

Negative Captial Change-Equity Method

-4,355.6

-4,057.5

-71,587.4

-23,568.6

-27,795.5

Overseas Business Trans. Debit/Credit

62,984.9

57,995.8

61,488.0

-5,071.9

-15,242.5

Gain-Revaluation of Tangible Assets

42,005.4

42,005.4

-

-

-

Total Equity

1,584,960.3

1,389,616.0

1,056,798.9

981,828.6

897,961.7

 

 

 

 

 

 

Total Liabilities & Shareholde

5,651,660.8

4,695,432.7

3,476,710.9

2,762,102.2

2,473,796.1

 

 

 

 

 

 

S/O-Common Stock

101.1

100.8

100.8

100.8

100.8

Total Common Shares Outstandin

101.1

100.8

100.8

100.8

100.8

T/S-Common Stock

0.0

0.0

0.0

0.0

0.0

Deferred Revenue, Current

76,293.5

84,466.2

66,818.2

34,156.8

35,651.8

Full-Time Employees

1,796

1,431

1,486

1,494

1,503

Number of Common Shareholders

45,691

40,785

37,135

44,406

38,819

Long Term Debt Maturing within 1 Year

393,743.0

18,588.0

39,557.0

71,967.0

28,363.2

Long Term Debt Maturing within 2 Years

39,115.0

51,433.0

71,542.0

59,667.0

94,521.0

Long Term Debt Maturing within 3 Years

78,625.0

54,140.0

47,592.0

63,137.0

52,940.0

Long Term Debt Maturing within 4 Years

133,874.0

72,754.0

45,722.0

38,776.0

56,543.0

Long Term Debt Maturing within 5 Years

77,325.0

47,734.0

44,021.0

39,049.0

32,384.0

Long Term Debt Remaining Maturities

144,162.0

82,746.0

98,261.0

99,561.0

171,682.0

Total Long Term Debt, Supplemental

866,844.0

327,395.0

346,695.0

372,157.0

436,433.2

Operating Leases Due in 1 Year

-

-

46.0

56.0

-

Total Operating Leases

-

-

46.0

56.0

-

 

Interim Balance Sheet

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Updated Normal
31-Mar-2011

Filed Currency

KRW

KRW

KRW

Exchange Rate

1

1

1

 

 

 

 

Cash and Cash Equivalents

1,130,250.7

380,204.4

363,640.7

Trade Receivable

3,094,345.0

3,043,626.0

2,800,709.0

Allowance for Doubtful Accounts for Trad

-47,911.0

-44,935.0

-49,326.0

Other Receivables

47,616.0

64,192.0

43,664.0

Allowance for Doubtful Accounts for Othe

-

-15,238.0

-14,305.0

Accrued Income

1,794.0

1,348.0

1,024.0

Deposits Provided

1,126.0

1,230.0

2,859.0

Current Financial Deposit

19,068.0

32,682.0

36,174.0

Short-term Loans

2,275.0

2,340.0

22,085.0

Allowance for Doubtful Accounts for Shor

-10,796.0

-

-18,303.0

Adjsutment for Trade and Other Receivabl

0.3

-0.5

-0.2

Current Held-to-Maturity Invement Assets

1.0

1.0

1.0

Adjustment for Other Financial Assets

-

-0.1

0.1

Current Derivative Assets

293,190.8

68,001.5

79,255.5

Current Tax Assets

0.3

19,665.0

13,693.9

Prepaid Taxes

18,029.0

-

-

Advance Payments

165,447.0

206,367.0

227,405.0

Allowance for Doubtful Accounts for Adva

-2,161.0

-329.0

-4,283.0

Prepaid Expenses Total

81,739.0

15,647.0

4,080.0

Allowance for Doubtful Accounts for Prep

-1,862.0

-2,443.0

-2,450.0

Prepaid Income Tax

5,197.4

1,719.8

-

Adjustment for Other Current Assets

-0.4

0.5

0.4

Current Assets Held for Sale

327,636.0

-

-

Merchandises

1,026,766.0

987,705.0

783,500.0

Allowance- L on Val of Merchandises

-34,705.0

-5,789.0

-

Finished Goods

36,703.0

55,524.0

42,813.0

Allowance for Loss on Valuation of Finis

-2,205.0

-84.0

-

Semi-finished Goods

9,879.0

8,740.0

7,270.0

Allowance for Loss on Valuation of Semif

-193.0

-26.0

-

Works in Process

5,443.0

5,663.0

8,431.0

Raw Materials

34,704.0

47,282.0

40,720.0

Allowance for Loss on Valuation of Raw M

-1,445.0

-616.0

-612.0

Supplemental Raw Materials

1,728.0

1,814.0

1,582.0

Supplies

258.0

180.0

177.0

Allowance for Loss on Valuation of Suppl

-59.0

-

-

Goods in Transit

245,508.0

175,455.0

376,871.0

Adjustment for Inventory

0.4

-0.2

0.1

Total Current Assets

6,447,367.5

5,049,926.4

4,766,676.5

 

 

 

 

Long-term Loans

91,454.0

77,534.0

87,266.0

LT Account Receivable

1,459.0

1,312.0

1,380.0

Deposits Provided

7,781.0

6,698.0

6,978.0

Adjustment for Long-term Trade and Other

0.0

-0.4

-0.3

Other Financial Assets

-

110,412.2

113,344.8

LT Held-to-Maturity Investments

2.0

-

-

Long-term Financial Deposit

38.0

-

-

LT Available-for-Sale Financial Assets

97,540.0

-

-

Investment in Affiliates

1,397,101.1

1,338,372.9

1,264,518.1

Land

78,697.0

78,632.0

77,752.0

Buildings

145,670.0

276,553.0

277,452.0

Accumulated Depreciation for Buildings

-28,270.0

-62,041.0

-

Structures

15,383.0

14,328.0

14,469.0

Accumulated Depreciation for Structures

-4,345.0

-4,063.0

-

Machinery

265,981.0

492,068.0

480,216.0

Accumulated Depreciation for Machinery

-131,837.0

-319,832.0

-

Other Tangible Assets

61,937.0

80,266.0

80,241.0

Accumulated Depreciation for Other Tangi

-43,595.0

-60,748.0

-

Construction in Progress

64,612.0

50,692.0

38,218.0

Accumulated Depreciation, Total

-

-

-443,115.0

Government Subsidy, Total

-

-

-135.0

Adjustment for Tangible Assets

-122.9

-126.7

0.3

Industrial Property Rights

2,323.0

2,763.0

1,555.0

Mining Rights

91,034.0

46,421.0

47,870.0

Development Costs

5.0

13.0

21.0

Exploration Valuation

887,794.0

81,104.0

89,462.0

Development Mining

38,809.0

807,468.0

715,359.0

Membership Right

16,584.0

16,542.0

16,541.0

Other Intangible Assets

65.0

73.0

81.0

Adjustment for Intangible Assets

0.6

-0.2

1.0

Investment in Properties

25,992.0

26,056.1

26,066.5

Goodwill

10,851.0

-

-

Other Non-current Assets

1,853.7

15,559.4

15,939.2

Deferred Income Taxes Assets

6,051.9

5,441.2

6,390.7

Adjustment for Other Non-Current Financi

-0.2

-

-

Total Assets

9,548,215.6

8,131,423.9

7,684,547.8

 

 

 

 

Trade Payable

1,138,779.0

1,209,778.0

1,289,698.0

Other Payables

266,776.0

180,903.0

159,447.0

Dividend Payable

-

-

20,211.0

Accrued Expenses

44,541.0

31,388.0

28,970.0

Guarantee Deposit Received, Current

238.0

765.0

1,590.0

Adjustment for Trade and Other Liabiliti

-0.3

0.4

-0.6

Income Tax Payable

332.7

7,639.5

-

Short-term Borrowings

3,695,427.6

3,056,089.0

2,664,474.3

Convertible Bonds, Current

-

-

395,593.1

Derivatives in Current Liabilities

257,398.2

48,881.4

63,644.0

Withholdings

66,609.0

30,875.0

-

Liabilities of Held for Sale Assets

168,233.6

-

-

Other Current Liabilities

-

-

114,475.2

Current Tax Liabilities

-

-

1,136.1

Advance for Customers

103,396.0

87,307.0

-

Adjustment for Other Current Liabilities

-0.4

0.6

-

Total Current Liabilities

5,741,730.5

4,653,626.9

4,739,238.2

 

 

 

 

Long-term Borrowings

821,195.2

742,507.1

716,692.9

Bonds

700,160.5

456,438.5

459,210.1

Convertible Bonds

333,186.8

394,481.1

-

Total Long Term Debt

1,854,542.5

1,593,426.7

1,175,903.0

 

 

 

 

Long-term Other Payables

44,165.0

33,066.0

3,039.0

Discount for Present Value Other Payable

-629.0

-629.0

-1,058.0

Long-term Accrued Expenses

22.0

30.0

29.0

Guarantee Deposit, LT

7,296.0

6,891.0

6,815.0

Financial Security Deposit

1,256.0

1,251.0

1,288.0

Adjustment for LT Trade and Other Liabil

0.5

0.0

0.2

LT Deposit Withheld

2,682.4

2,682.4

12,255.4

Provisions for Retirement and Severance

21,275.6

18,166.1

11,249.6

LT Provisions

83,842.6

125,945.1

128,022.4

Deferred Income Taxes Liabilities

57,001.1

47,714.1

34,149.0

Minority Interest

5,947.0

853.6

818.3

Total Liabilities

7,819,132.2

6,483,023.9

6,111,749.2

 

 

 

 

Capital Stock

515,904.1

514,839.0

513,220.8

Additional Paid-in Capital

-

67,421.0

61,236.0

Gains on Sale of Treasury Stock

-

16.0

16.0

Adjustment for Capital Surplus

-

0.0

0.1

Capital Surplus

76,029.9

-

-

Capital Adjustments

-663.8

-663.8

-663.8

Gain/Loss-Valuation of Available-for-Sal

32,798.0

43,220.0

-

Loss on Valuation of Available for Sale

-

-

47,033.0

Gains on Valuation of Equity Method Secu

218,876.0

206,937.0

212,391.0

Losses on Valuation of Equity Method Sec

-17,634.0

-9,176.0

-5,834.0

Accumulative Overseas Business Trans. De

-139.0

-13,685.0

-7,938.0

Adjustment for Accumulated Other Compreh

0.1

-0.2

-0.4

Appropriated Retained Earnings for Legal

13,195.0

13,195.0

13,195.0

Appropriated Retained Earnings for Volun

715,151.0

722,633.0

723,000.0

Retained Earnings Before Appropriations

175,566.0

103,664.0

17,143.0

Adjustment for Retained Earnings

0.2

0.1

-

Total Equity

1,729,083.4

1,648,400.0

1,572,798.6

 

 

 

 

Total Liabilities & Shareholders' Equity

9,548,215.6

8,131,423.9

7,684,547.8

 

 

 

 

S/O-Common Stock

103.2

103.0

102.6

Total Common Shares Outstanding

103.2

103.0

102.6

T/S-Common Stock

0.0

0.0

0.0

Deferred Revenue, Current

103,396.0

87,307.0

-

Full-Time Employees

1,861

1,849

1,805

Current maturities

-

-

411,595.1

Total Long Term Debt, Supplemental

-

-

411,595.1

 

 

Annual Cash Flows

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Reclassified Normal
31-Dec-2008

Reclassified Normal
31-Dec-2007

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income

119,032.9

130,910.5

78,618.2

97,315.8

112,039.4

Depreciation

30,863.8

31,170.1

30,964.5

28,978.1

17,542.2

Amort.-Intangible

5,485.4

5,659.6

5,244.5

3,991.9

3,953.5

Stock-Based Compensations

3.1

11.9

-

1,865.1

6,518.1

Provision-Doubtful Account

8,348.0

18,762.8

-

64.2

-

Other Provisions-Doubtful Account

15,679.1

29,576.7

378.8

-

1,162.6

Accrued Interest Expense

35,180.0

22,246.4

12,922.7

24,824.4

13,561.9

Provision-Sales Guarantee

-

-

1,627.5

78.1

42.1

Retiremt Allw Reserv

16,223.6

9,967.9

14,050.0

10,701.9

10,149.6

L-Trade Rcvbl Disposal

52,729.5

65,526.4

70,445.1

42,666.4

43,017.2

L-For Exch Translatn

41,216.5

22,500.0

74,853.9

16,320.1

9,791.2

L-Commodity Futures Valu

54,165.1

37,744.6

37,528.1

11,063.3

8,968.6

Loss-Currency Forwards Transaction

166,236.1

88,253.2

135,989.1

53,621.9

23,604.0

L-Commodity Futures Trade

214,107.6

210,501.7

210,489.5

83,358.1

56,742.9

L-Currency Contract on Settlement Valua.

-

-

7,338.1

-

-

L-Currency Futr Valu

20,812.4

26,479.5

15,216.7

3,174.5

5,726.9

Loss-Reduction of Investment Assets

3,355.1

19,322.7

3,468.7

-

-

Loss-Valuation of Inventory

1.7

802.2

6,553.7

393.4

496.0

L-Tangible Asst Disp

282.0

132.6

406.8

51.1

1,669.7

Loss-Reduction of Intangible Assets

-

-

-

4,374.9

-

Loss-Reduction of Tangible Assets

126,014.5

790.7

6,956.9

689.1

-

Loss -Redemption of LT Borrowings

-

757.2

110.0

93.9

598.1

L-Equity Method Valu

3,889.8

1,053.2

4,077.8

2,055.1

1,517.9

Loss-Investment Assets Disposal

1,846.6

1,460.6

-

375.3

148.6

Reserve-Recovery

176.3

101.4

-

-

-

Loss-Valuation of Contract on Settlement

98,515.2

35,344.3

26,935.5

26,894.8

24,447.3

Contingency Loss

17,433.4

2,297.4

2,610.7

2,579.8

2,473.5

Other Non-Operating Expense

340.4

416.8

-

-

-

G-Commodity Futures Valu

-22,222.0

-20,030.0

-13,112.1

-4,373.0

-5,275.6

Recovery-Contingency Loss Reserve

-7,456.8

-5,863.8

-

-459.4

-

G-Currency Contract on Settlement Valua.

-

-

-3,726.8

-

-

Gain-Commodity Futures Transaction

-180,615.5

-163,763.5

-186,124.7

-89,866.9

-73,422.8

G-Currency Futr Valu

-29,544.8

-20,463.0

-11,439.0

-3,434.7

-3,903.7

Gain-Currency Forwards Transaction

-167,874.6

-114,933.0

-143,635.4

-27,925.9

-30,260.3

G-Inv.Asset Disp

-

-15,768.3

-10,606.4

-12,596.7

-10,450.9

G-Tangible Asst Disp

-1,002.7

-734.4

-205.9

-273.4

-80.8

Interest Received

-905.4

-1,751.1

-2,114.6

-855.5

-1,121.7

G-Equity Method Valu

-203,794.4

-155,454.8

-74,796.5

-110,435.2

-104,222.9

Recovery-Inventory Valuation Loss

-435.1

-5,456.0

-

-1,064.3

-

G-For Exch Translatn

-43,161.6

-38,644.5

-93,651.1

-16,844.5

-25,854.6

Gain-Valuation of Contract on Settlement

-131,506.6

-88,392.0

-68,819.1

-29,996.1

-11,488.8

Recovery-Loan Loss Reserve

-343.0

-3,830.9

-2,336.6

-

-1,356.5

Gain-Other Non-Operating

-9.2

-4,671.2

-211.9

-4,014.1

-4,927.8

Gain on disposal of Subsidiaries

-

-6,139.2

-

-

-

Trade Receivables

-396,497.4

-189,615.5

-232,570.6

38,420.3

-41,685.1

Accrued Income

-1,470.5

1,143.9

1,801.1

-1,161.9

360.0

Account Receivable

-31,117.1

14,277.4

-15,047.6

16,909.6

18,478.8

Prepaid Expenses

4,547.7

95.5

-594.3

2,283.5

302.9

Advance Payments

-80,585.8

58.0

13,715.5

-9,925.7

1,689.6

Prepaid Taxes

-

-

-

-

4,512.9

Inventory

-523,737.2

29,384.2

-144,447.8

17,687.3

-116,347.0

LT Trade Rcvbls

-

-

-

254.3

4,966.3

LT Account Rcvbls

-

-

-

-

6,569.9

Merchandise Settlement Contracts

27,489.7

50,415.0

39,456.3

4,110.6

-16,491.6

Currency Settlement Contracts

-

-

-3,641.0

-

-

Deferred Taxes-Asset

-26,039.9

44,762.0

-33,058.7

22,156.5

23,632.4

Other Current Assets

-

-

-651.6

33.5

-31.0

Trade Payables

-52,923.9

515,129.0

28,927.7

26,692.9

28,290.3

Account Payables

32,614.6

-9,438.4

64,280.3

15,150.1

11,340.9

Accrued Dividends

-

-

-

-1,550.1

-83.8

Accrued Expenses

7,743.3

6,069.3

-4,057.8

-38,093.7

4,870.3

LT Accrued Expenses

-

-16.3

-1,135.3

-8,673.7

-5,776.0

Dividend Received from Affiliates

28,747.2

27,680.2

38,560.9

-

-

Accrued Inc Tax

-6,911.9

-26,506.9

37,438.3

-13,589.9

11,912.8

Unearned Income

-

-

118.7

164.0

-123.0

Advances Received

-9,306.0

22,179.1

32,567.6

472.8

12,952.5

Other Current Liabilities

-46.7

116.3

-

-

-

Deposits Withheld

1,723.9

-23,002.8

10,519.6

455.2

22,221.3

Reserve-Sales Guarantee

-

-349.3

-119.9

-174.8

64.4

Nation Pension Fnd

29.2

152.1

113.9

147.2

147.1

Retiremt Allow Paymt

-8,880.6

-13,700.5

-10,730.6

-8,958.0

-7,989.2

Retire Deposit A/L

1,919.8

3,427.8

-412.6

-2,934.5

-2,459.2

Reserve-Contingent Loss

134.8

362.3

-

-

-

Overseas Business Translation Debit

-285.0

45,820.6

70,951.2

4,890.8

-7,644.8

Cash from Operating Activities

-789,785.6

614,337.9

27,990.1

178,157.9

25,486.9

 

 

 

 

 

 

Dec-ST Finl Asset

4,591.5

7,681.5

65,022.6

46,749.9

5,384.5

Dec-ST Loans

6,955.5

440.8

11,857.3

3,869.0

1,856.0

Decrease-LT Loans

26.1

2,458.7

-

6,487.0

-

Decrease-LT Account Receivable

-

6,586.4

-

3,674.9

-

Dec-Guarantee Dep

897.7

2,785.6

3,589.1

5,791.2

5,142.3

Dec-Currency Future

-

22,927.5

147,068.8

31,829.5

35,058.2

Dec-Future

16,226.2

-

-

-

-

Dec-Marketable Secs

-

54.8

26.5

12.0

660.8

Dec-Investment Secs

39.0

3,874.9

11,825.4

16,677.4

729.1

Disp-Equity Investment Sec.

388.3

-

-

6,110.6

28,026.4

Disp-Other Investment Asset

-

62.2

-

-

66.7

Disposal-Land

293.6

306.2

-

-

-

Disposal of Building

4,720.4

343.3

1,790.7

2,532.4

2,331.4

Disp-Structure

136.1

-

-

19.5

110.4

Disp-Machinery

21,385.0

67.4

51.4

5,858.0

3,307.8

Disp-Vehicles

750.9

224.0

214.2

125.7

755.3

Disposal-Tools & Supplies

531.7

0.9

-

23.6

-

Disp-Merchand Options

783.6

96.1

49.4

56.2

1,035.0

Disp-Commodity Futures

-

-

190,473.5

95,166.7

80,081.9

Disposal-Other Intangible Assets

-

2,508.8

-

-

-

Inc-ST Finl Asset

-24,562.1

-

-

-

-

Increase-LT Financial Assets

-

-2.0

-

-

-

Inc-ST Loans

5,033.3

-2,043.1

-14,934.7

-9,028.8

-2,098.7

Inc-Currency Future

-3,048.0

-

-

-

-

Increase-LT Loans

-26,758.8

-6,719.4

-7.5

-8,251.2

-

Increase-LT Account Receivable

-

-

-

-3,919.3

-

Inc-Guarantee Dep

-6,226.4

-7,013.7

-2,776.8

-2,206.9

-6,970.6

Investment for Natural Resources Dev.

-

16,437.6

-

-

-

Inc-Currency Futures

-

-

-139,163.6

-59,348.9

-24,492.7

Acq-Merchand Options

-67,632.4

-71,010.1

-221,497.0

-92,326.8

-60,717.4

Increase-Other Investment Assets

-

-

-

-200.8

-

Inc-Investment Secs

-2,817.7

-2,464.8

-17,731.7

-601.1

-8,209.7

Inc-Equity Investment Sec.

-84,368.9

-73,408.5

-29,969.8

-91,936.8

-5,637.0

Increase-Land

-321.6

-22.7

-

-

-

Acq-Building

-5,271.8

-14,443.2

-228.1

-938.2

-107.6

Acq-Structure

-2,169.4

-1,363.4

-144.2

-187.9

-48.0

Acq-Machinery

-12,124.7

-38,994.3

-1,759.1

-2,510.0

-2,590.1

Acq-Fixtures

-4,718.9

-4,697.8

-4,987.6

-2,773.7

-1,553.2

Acq-Vehicles

-4,193.3

-3,177.3

-1,012.1

-1,648.1

-1,026.8

Acq-Tools/Equipmt

-1,064.3

-254.0

-

-169.0

-197.0

Acq-Constructn Prog

-32,152.3

-1,251.8

-3,287.5

-1,054.8

-2,133.5

Acq-Resource Dev't C

-184,734.4

-143,033.4

-144,129.1

-99,988.1

-68,039.2

Acq-Other Intangible

-56,995.8

-424.7

-5,660.7

-2,905.1

-3,547.8

Cash from Investing Activities

-456,401.9

-303,467.7

-155,320.8

-155,012.0

-22,823.6

 

 

 

 

 

 

Inc-ST Borrowings

262,841.3

-

323,938.1

120,379.7

187,976.8

Inc-LT Borrowing

154,856.1

36,007.0

26,401.3

11,894.8

4,408.5

Increase-Capital Lease Liabilities

-9,523.1

-

-

-

-

Increase-Bond

314,048.3

149,307.7

-

-

-

Increase-Convertible Bond

-

373,322.3

-

-

-

Inc-LT Guarant Dep

48.1

-

38,766.2

737.6

803.4

Inc-Government Subsidy

122.1

21.5

211.0

463.0

672.0

Increase-LT Deposit Withheld

11,946.0

-

1,788.0

45,926.1

-

Increase-LT Accrued Payment

-

3,619.1

-

-

-

Dec-Curr LT Liabs

-22,942.8

-68,877.1

-79,075.5

-41,355.6

-41,035.3

Dec-ST Borrowings

-3,799.7

-106,974.6

-

-

-159,864.5

Dec-LT Borrowings

-5,846.9

-44,029.9

-56,027.0

-66,659.6

-42,295.0

Dec-LT Guarant Depo

-

-80.5

-1,787.7

-873.8

-772.9

Decrease-LT Deposit Withheld

-

-2,152.1

-

-

-

Dec-LT Account Payables

-

-

-

-

-174.0

Dec-Government Subsidy

-81.9

-105.1

-385.4

-119.1

-331.9

Increase-Discount on Stock Issuance

-93.1

-81.7

-

-

-

Dividends Paid

-4,891.9

-4,749.4

-33,246.1

-4,530.4

-2,012.7

Consolid Scope Adj

3,420.5

8,691.4

-

-882.0

838.3

Cash from Financing Activities

700,102.9

343,918.7

220,583.0

64,980.8

-51,787.2

 

 

 

 

 

 

Foreign Exchange Effects

-4,341.7

-4,047.2

4,174.1

610.0

474.3

Net Change in Cash

-550,426.3

650,741.7

97,426.4

88,736.7

-48,649.7

 

 

 

 

 

 

Net Cash - Beginning Balance

975,141.0

324,399.3

226,972.9

138,236.2

186,885.9

Net Cash - Ending Balance

424,714.8

975,141.0

324,399.3

226,972.9

138,236.2

Interim Cash Flows

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

30-Sep-2010

30-Jun-2010

Period Length

9 Months

6 Months

3 Months

9 Months

6 Months

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Updated Normal
31-Mar-2011

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

 

 

 

 

 

 

Net Income

156,530.9

91,400.8

2,722.6

-24,093.6

60,664.7

Depreciation

15,146.9

14,173.7

5,094.0

18,720.9

9,399.5

Amortization of Intangible Assets

3,831.2

2,204.0

1,170.3

658.2

2,421.5

Depreciation-Investment Real Estate

397.5

263.6

132.0

392.3

260.5

Recovery-Provision for Restoration

91.1

61.7

-

134.6

92.1

Expenses of Allowance for Doubtful Accou

1,450.0

1,886.9

719.2

3,434.0

1,566.2

Expenses of Allowance for Other Doubtful

3,116.0

212.6

-

8,662.0

5,947.8

Compensation Expenses Associated with St

-

1.8

1.0

7.1

-

Recovery-Stock Compensation Expense

-6.6

-

-

-

-2.1

Provision-Sales Guarantee

350.3

9.7

-

-

-

Finance Guarantee Expenses

444.1

43.4

-

106.0

106.0

Contingency Loss

1,425.8

930.5

-

21,817.4

983.8

Interest Expenses

58,816.0

51,492.1

25,761.3

58,007.3

34,990.5

Corporate Taxes

30,108.3

21,578.0

2,988.3

21,619.1

10,941.2

Losses on Foreign Currency Translation

323,363.0

66,346.2

73,345.3

104,321.8

119,870.9

Loss-Derivatives Transaction

287,597.1

212,550.9

94,791.8

243,623.2

166,514.7

Losses on Valuation of Derivatives

294,557.3

55,899.7

57,485.8

144,537.1

105,294.3

Losses on Sale of Property, Plant and Eq

407.6

198.2

73.4

223.1

186.2

Impairment Losses on Property, Plant and

-

-

-

126,191.5

-

Loss-Sale of Investment in Affiliates

-

-

-

-

499.4

Loss on Investment in Affiliates

5,746.5

1,467.1

5,128.5

3,879.0

1,047.7

Recovery of Losses on Valuation of Inven

-

-

-

-

-0.9

Losses on Valuation of Inventories

34,770.4

5,693.3

-

66.1

140.6

Losses on Valuation of Convertible Bond

-

19,765.0

7,876.2

68,003.4

28,763.7

Losses on Sale of Available for Sale Sec

-

-

-

1,891.7

-

Impairment Losses on Available for Sale

-

-

-

2,730.0

-

Miscellaneous Loss

-

0.0

-

-

-

Other Expenses of Transactions

-

7.6

-

-

-

Recovery of Provisions

-

-

-

-7,456.8

-

Provision for Liability Reserve

-

-

508.0

-

-

Interest Income

-8,803.0

-4,630.7

-2,092.7

-7,311.3

-5,087.7

Dividend Income

-200.3

-192.5

-3.0

-338.8

-

Valuation of Gain on Convertible Bond

-33,155.3

-

-

-

-

Purchase of Derivatives Assets

-36,151.9

-

-

-22,158.6

-

Gains on Foreign Currency Translation

-196,441.1

-85,744.7

-80,023.6

-119,355.1

-114,295.4

Gain-Derivatives Transaction

-298,012.8

-194,258.2

-76,240.6

-243,364.6

-153,558.6

Gains on Valuations of Derivatives

-292,030.7

-56,315.4

-44,576.1

-129,252.7

-74,872.5

Reversal of Allowance for Doubtful Accou

-426.7

-235.2

-104.6

-225.9

-209.2

Gains on Sale of Property, Plant and Equ

-176.6

-109.7

-8.5

-596.9

-476.6

Gain on Invesment in Affiliates

-103,923.4

-66,260.5

-5,106.3

-143,039.7

-98,179.9

Gain-Financial Guarantees

-583.6

-352.8

-37.0

-93.2

-52.7

Decrease or Increase in Accrued Revenues

-

-1.6

-1,131.8

-

-

Trade Receivables

-784,803.1

-853,491.3

-498,350.8

-382,637.7

-573,489.4

Other Receivables

86,495.2

60,473.6

87,075.5

-64,094.4

16,015.0

LT Account Receivable

-95.1

-

-

-3,643.8

-

Inventories

-385,386.6

-242,491.4

-269,160.6

-413,970.4

-278,191.1

Advanced Payment

-35,573.2

30,266.7

-23,202.3

-109,274.5

-47,160.1

Long-term Prepaid Expenses

-1,879.2

-78,722.2

5,179.3

-

14,080.8

Decrease or Increase in Prepaid Value Ad

-

-15,907.1

-15,035.8

-

-

Prepaid Expenses

-3,317.9

-45,244.4

-58,128.3

14,712.3

-40,368.1

Decrease or Increase in Long-term Prepai

-

379.9

196.4

-

-

Loss-Discontinued Operations

-91,816.9

-

-

-

-

Other Assets

-

-22.6

-168.8

-

-

Trade Payables

129,896.3

221,183.6

270,820.8

107,564.6

362,973.0

Other Payables

91,644.2

20,851.0

-4,896.7

27,359.2

-63,213.0

LT Other Payables

-78.5

-

-

142.8

-41.5

Increase or Decrease in Accrued Expenses

-

-10,265.9

351.7

-

-

Increase or Decrease in Long-term Accrue

-

52,831.8

-

-

-

Defined Benefit Liabilities

8,403.0

6,376.3

2,547.0

11,845.0

10,783.0

Guarantee Deposit Received

-2,822.3

-

-

2,231.1

-

Increase or Decrease in Provisions for L

-

-

-

-1,445.8

2,932.0

Increase or Decrease in Advances from Cu

29,325.1

6,148.1

-15,263.4

-10,846.6

-20,240.0

Increase or Decrease in Unearned Income

-

-

-

-265.2

-265.2

Decrease or Increase in Prepaid Sales Va

-

20,357.2

-

-

-

Increase or Decrease in Withholdings

35,265.1

-8,109.7

23,529.3

-8,931.0

6,427.0

Other Current Liabilities

-

-2,930.9

-2,869.7

-6.7

4,952.6

Other Liabilities

-

-1,476.7

-

-

-

Corporate Tax on Sales

-

-

-

-13,112.3

-

Payment-Retirement Allowance

-7,386.1

-6,008.9

-265.8

-7,318.8

-7,645.0

Plan Assets

-2,169.8

-3,205.4

-7,800.0

3,593.6

4,341.7

Cash-Interest Received

8,504.1

3,891.3

1,543.8

6,321.6

4,597.7

Dividends Received

31,669.6

27,520.6

4,546.7

25,708.8

19,256.3

Cash-Interest Paid

-105,885.0

-76,987.5

-20,811.7

-46,891.3

-23,082.2

Cash-Tax Paid

-26,679.9

-4,258.5

-9,984.4

-44,369.5

-35,635.9

Cash from Operating Activities

-778,453.0

-760,756.8

-461,674.3

-775,590.6

-540,017.0

 

 

 

 

 

 

Decrease in Short-term Loans

2,920.6

15,717.2

6,048.3

-

13,113.7

Decrease in Long-term Loans

1,472.1

5,557.5

4,786.4

-

10,699.0

Decrease-LT Guarantee Deposit

810.2

86.6

-

190.6

766.8

Decrease in Deposits Provided

2,639.7

1,279.1

-272.0

-

-

Proceeds from Sale of Short-term Financi

12,744.2

292,030.3

184,622.0

1,229.3

1,927.1

Decrease-Marketable Securities

-

-

-

-

5.3

Proceeds from Sale of Long-term Investme

32.2

26.6

-

5.4

-

Proceeds from Sale of Available for sale

-

-

8.4

-

-

Proceeds from Sale of Investment in Affi

-

-

-

193.4

1,191.1

Proceeds from Sale of Long-term Financia

202.0

-

-

-

-

Proceeds from Sale of Land

-

-

-

1,344.0

351.9

Proceeds from Sale of Buildings

-

-

-

6,404.8

751.6

Proceeds from Sale of Machinery

563.9

280.5

16.9

7,719.8

348.4

Proceeds from Sale of Vehicles

223.9

17.6

-103.3

4,991.3

-

Proceeds from Sale of Tools

85.7

62.7

-19.3

422.1

-

Proceeds from Sale of Office Equipment

261.3

346.6

-5.4

139.1

-

Proceeds from Sale of Structures

9.1

-

-

-

-

Proceeds from Sale of Mining Right

-

-

396.0

-

-

Proceeds from Mining Rights

400.5

400.5

-

-

-

Increase in Short-term Loans

-

-13,211.4

-5,049.6

-3,486.0

-4,536.9

Increase in Long-term Loans

-39,822.2

-13,972.2

-46,648.5

-26,095.9

-7,613.7

Decrease-LT Account Receivable

-

-51.1

-26.3

-

-431.9

Purchase of Short-term Financial Instrum

-

-260,113.0

-179,632.3

-

11,230.8

Purchase of Long-term Financial Instrume

-

-20.6

-

-1,082.1

-

Purchase of Available for sale Securitie

-6,933.0

-6,330.0

-130.6

-3,721.3

-14,178.3

Increase-Other Investment Assets

-

-

-

-

-54.8

Purchase of Investment in Affiliates

-

-50,478.1

-9,219.0

-

-18,604.1

Purchase of Investment Properties-Land

-23.9

-23.9

-

-

-

Purchase of Investment Properties-Buildi

-96.0

-96.0

-

-

-

Purchase of Investment Properties-Struct

-

-6.5

-

-

-

Purchase of Investment Properties-Constr

-75.6

-

-

-

-

Purchase of Affiliates

-81,722.1

-

-

-5,062.0

-

Increase in Deposits Provided

-2,015.5

-886.9

343.1

-857.9

-212.0

Increase-LT Guarantee Deposit

-2,107.9

-1,159.5

-

-

-

Purchase of Land

-933.5

-870.0

-

-31.6

-31.6

Purchase of Buildings

-1,218.7

-414.7

-

-126.5

-236.6

Purchase of Structures

-642.5

-16.7

-16.0

-83.3

-186.0

Purchase of Machinery

-39,504.7

-32,164.3

-31,606.0

-34.7

-6,413.1

Purchase of Vehicles

-1,849.9

-526.2

-186.1

-1,030.4

-1,043.6

Purchase of Tools

-744.6

-36.1

-39.3

-997.8

-981.1

Purchase of Office Equipment

-5,672.3

-90.6

-1,389.6

-3,491.1

-1,709.4

Purchase of Construction in Progress

-36,575.3

-25,076.5

-18,457.8

-3,170.2

-2,061.7

Purchase of Industrial Property Rights

-202.2

-75.2

-70.9

-

-358.0

Purchase of Other Intangible Assets

-

-

-52,095.5

-

-

Increase-Membership Right

-16.7

-

-

-2,798.8

-1,271.9

Purchase of Mining Rights

-246.6

-369.1

-

-

-54.6

Increase-Mining research Intangible Asse

-

-6,123.0

-

-

-8,540.9

Purchase of Intangible Assets

-24,190.3

-

-

-15,349.2

-

Purchase of Intangible Assets-Developmen

-242,729.1

-161,285.4

-

-56,753.0

-118,332.8

Cash from Investing Activities

-464,957.0

-257,591.7

-148,746.4

-101,531.9

-146,467.4

 

 

 

 

 

 

Proceeds from Short-term Borrowings

1,578,151.5

947,310.7

590,773.7

243,202.3

7,659.2

Proceeds from Long-term Borrowings

172,955.7

43,906.3

3,971.5

76,745.1

49,138.4

Proceeds from Issuance of Bonds

211,846.7

-

-

-

-

Increase-Subsidy from Government

-

-

-

1,375.5

-

Repayments of Short-term Borrowings

-

-

-62,427.1

-

-

Repayments of Current Portion of Long-te

-

-3.7

-3,457.1

-

-

Repayments of Long-term Borrowings

-19,386.5

-21,600.2

-3,326.3

-18,254.8

-11,269.1

Increase-Expense for Stock Issuance

-60.9

-60.9

-44.8

-

-84.1

Increase-LT Security Deposit

-

447.3

-

-

71.6

Decrease-LT Guarantee Deposit

-20.2

-813.8

-

15.9

-

Held for Sale Assets

-856.2

-

-

-

-

Payments in Dividends

-20,210.9

-20,210.9

-

-4,891.9

-4,891.9

Change-Foreign Currency Translation

-327.2

-1,990.7

-

-2,013.8

-5,238.9

Cash from Financing Activities

1,922,091.9

946,984.0

525,489.8

296,178.3

35,385.3

 

 

 

 

 

 

Foreign Exchange Effects

-

-

-2,997.2

-

-

Net Change in Cash

678,681.9

-71,364.5

-87,928.2

-580,944.1

-651,099.1

 

 

 

 

 

 

Cash and Cash Equivalent at Beginning

451,568.9

451,568.9

451,568.9

985,126.0

985,126.0

Cash and Cash Equivalent at End

1,130,250.7

380,204.4

363,640.7

404,181.9

334,026.9

Cash Interest Paid

105,885.0

76,987.5

20,811.7

46,891.3

23,082.2

Cash Taxes Paid

26,679.9

4.3

9,984.4

44,369.5

35.6

 

 

Geographic Segments

spinner

Financials in: As Reported (mil)

Annual

 

Interim

 

 

External Revenue   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

South Korea

12,990,014.0

80.6 %

9,538,723.0

82.6 %

9,532,105.0

83.4 %

6,688,337.0

81.4 %

5,337,935.0

78 %

Asia (excluding China)

1,439,791.0

8.9 %

1,444,290.0

12.5 %

1,059,490.0

9.3 %

855,322.0

10.4 %

899,249.0

13.1 %

China

179,830.0

1.1 %

143,871.0

1.2 %

170,431.0

1.5 %

150,150.0

1.8 %

147,393.0

2.2 %

United States

675,675.0

4.2 %

329,303.0

2.9 %

527,523.0

4.6 %

280,460.0

3.4 %

353,551.0

5.2 %

Other Foreign

826,496.0

5.1 %

87,669.0

0.8 %

136,815.0

1.2 %

241,178.0

2.9 %

108,688.0

1.6 %

Segment Total

16,111,806.0

100 %

11,543,856.0

100 %

11,426,364.0

100 %

8,215,447.0

100 %

6,846,816.0

100 %

Consolidation Adjustments

-

-

-

-

-

-

0.0

0 %

0.0

0 %

Consolidated Total

16,111,806.0

100 %

11,543,856.0

100 %

11,426,364.0

100 %

8,215,447.0

100 %

6,846,816.0

100 %

Intersegment Revenue   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

South Korea

2,681,991.0

84.6 %

1,609,229.0

86.4 %

1,513,663.0

85.9 %

1,127,812.0

89 %

1,045,680.0

85.8 %

Asia (excluding China)

427,674.0

13.5 %

213,000.0

11.4 %

173,040.0

9.8 %

30,223.0

2.4 %

89,075.0

7.3 %

China

14,624.0

0.5 %

28,610.0

1.5 %

52,366.0

3 %

33,105.0

2.6 %

73,610.0

6 %

United States

-

-

11,761.0

0.6 %

12,900.0

0.7 %

3,399.0

0.3 %

6,460.0

0.5 %

Other Foreign

46,375.0

1.5 %

78.0

0 %

10,692.0

0.6 %

72,354.0

5.7 %

4,399.0

0.4 %

Segment Total

3,170,664.0

100 %

1,862,678.0

100 %

1,762,661.0

100 %

1,266,893.0

100 %

1,219,224.0

100 %

Consolidation Adjustments

-3,170,664.0

-100 %

-1,862,678.0

-100 %

-1,762,661.0

-100 %

-1,266,893.0

-100 %

-1,219,224.0

-100 %

Consolidated Total

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

 

Total Revenue   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

South Korea

15,672,005.0

81.3 %

11,147,952.0

83.2 %

11,045,768.0

83.7 %

7,816,149.0

82.4 %

6,383,615.0

79.1 %

Asia (excluding China)

1,867,465.0

9.7 %

1,657,290.0

12.4 %

1,232,530.0

9.3 %

885,545.0

9.3 %

988,324.0

12.3 %

China

194,454.0

1 %

172,481.0

1.3 %

222,797.0

1.7 %

183,255.0

1.9 %

221,003.0

2.7 %

United States

675,675.0

3.5 %

341,064.0

2.5 %

540,423.0

4.1 %

283,859.0

3 %

360,011.0

4.5 %

Other Foreign

872,871.0

4.5 %

87,747.0

0.7 %

147,507.0

1.1 %

313,532.0

3.3 %

113,087.0

1.4 %

Segment Total

19,282,470.0

100 %

13,406,534.0

100 %

13,189,025.0

100 %

9,482,340.0

100 %

8,066,040.0

100 %

Consolidation Adjustments

-3,170,664.0

-16.4 %

-1,862,678.0

-13.9 %

-1,762,661.0

-13.4 %

-1,266,893.0

-13.4 %

-1,219,224.0

-15.1 %

Consolidated Total

16,111,806.0

83.6 %

11,543,856.0

86.1 %

11,426,364.0

86.6 %

8,215,447.0

86.6 %

6,846,816.0

84.9 %

Operating Income/Loss   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

South Korea

171,747.0

100.7 %

171,337.0

107.5 %

156,331.0

174 %

91,875.0

110.4 %

83,268.0

92.5 %

Asia (excluding China)

23,296.0

13.7 %

5,981.0

3.8 %

-37,562.0

-41.8 %

747.0

0.9 %

8,711.0

9.7 %

China

-27,804.0

-16.3 %

-13,727.0

-8.6 %

-29,201.0

-32.5 %

-8,386.0

-10.1 %

227.0

0.3 %

United States

1,208.0

0.7 %

-2,571.0

-1.6 %

1,451.0

1.6 %

-1,171.0

-1.4 %

813.0

0.9 %

Other Foreign

2,179.0

1.3 %

-1,614.0

-1 %

-1,195.0

-1.3 %

121.0

0.1 %

-3,034.0

-3.4 %

Segment Total

170,626.0

100 %

159,406.0

100 %

89,824.0

100 %

83,186.0

100 %

89,985.0

100 %

Consolidation Adjustments

11,026.0

6.5 %

-2,519.0

-1.6 %

32,813.0

36.5 %

886.0

1.1 %

2,919.0

3.2 %

Consolidated Total

181,652.0

106.5 %

156,887.0

98.4 %

122,637.0

136.5 %

84,072.0

101.1 %

92,904.0

103.2 %

 

Operating Margin (%)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

South Korea

1.1

-

1.5

-

1.4

-

1.2

-

1.3

-

Asia (excluding China)

1.2

-

0.4

-

-3.0

-

0.1

-

0.9

-

China

-14.3

-

-8.0

-

-13.1

-

-4.6

-

0.1

-

United States

0.2

-

-0.8

-

0.3

-

-0.4

-

0.2

-

Other Foreign

0.2

-

-1.8

-

-0.8

-

0.0

-

-2.7

-

Segment Total

0.9

-

1.2

-

0.7

-

0.9

-

1.1

-

Consolidation Adjustments

-0.3

-

0.1

-

-1.9

-

-0.1

-

-0.2

-

Consolidated Total

1.1

-

1.4

-

1.1

-

1.0

-

1.4

-

Total Assets   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

South Korea

4,791,018.0

75.6 %

3,885,176.0

76.8 %

2,675,257.0

67.2 %

2,164,056.0

69.2 %

1,991,742.0

70.9 %

Asia (excluding China)

435,093.0

6.9 %

482,607.0

9.5 %

460,301.0

11.6 %

161,475.0

5.2 %

225,184.0

8 %

China

493,800.0

7.8 %

515,121.0

10.2 %

603,801.0

15.2 %

427,896.0

13.7 %

421,528.0

15 %

United States

224,042.0

3.5 %

107,908.0

2.1 %

186,474.0

4.7 %

116,960.0

3.7 %

103,129.0

3.7 %

Other Foreign

393,264.0

6.2 %

67,182.0

1.3 %

53,787.0

1.4 %

258,704.0

8.3 %

65,727.0

2.3 %

Segment Total

6,337,217.0

100 %

5,057,994.0

100 %

3,979,620.0

100 %

3,129,091.0

100 %

2,807,310.0

100 %

Consolidation Adjustments

-685,556.0

-10.8 %

-362,561.0

-7.2 %

-502,909.0

-12.6 %

-366,989.0

-11.7 %

-333,514.0

-11.9 %

Consolidated Total

5,651,661.0

89.2 %

4,695,433.0

92.8 %

3,476,711.0

87.4 %

2,762,102.0

88.3 %

2,473,796.0

88.1 %

 

Operating Return on Assets (%)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

South Korea

3.6

-

4.4

-

5.8

-

4.2

-

4.2

-

Asia (excluding China)

5.4

-

1.2

-

-8.2

-

0.5

-

3.9

-

China

-5.6

-

-2.7

-

-4.8

-

-2.0

-

0.1

-

United States

0.5

-

-2.4

-

0.8

-

-1.0

-

0.8

-

Other Foreign

0.6

-

-2.4

-

-2.2

-

0.0

-

-4.6

-

Segment Total

2.7

-

3.2

-

2.3

-

2.7

-

3.2

-

Consolidation Adjustments

-1.6

-

0.7

-

-6.5

-

-0.2

-

-0.9

-

Consolidated Total

3.2

-

3.3

-

3.5

-

3.0

-

3.8

-

 

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Geographic Segments

Financials in: As Reported (mil)

Annual

 

Interim

 

 

External Revenue   KRW (mil)

 

30-Sep-11

30-Jun-11

31-Mar-11

South Korea

-433,228.0

-9.4 %

764,532.0

15.6 %

284,028.0

6.2 %

Other Asian Countries

2,279,906.0

49.4 %

737,479.0

15.1 %

2,100,672.0

45.9 %

China

1,056,984.0

22.9 %

983,326.0

20.1 %

930,505.0

20.3 %

North America

418,515.0

9.1 %

377,794.0

7.7 %

350,543.0

7.7 %

Other Foreign

1,289,059.0

28 %

2,026,402.0

41.4 %

909,838.0

19.9 %

Segment Total

4,611,236.0

100 %

4,889,533.0

100 %

4,575,586.0

100 %

Consolidated Total

4,611,236.0

100 %

4,889,533.0

100 %

4,575,586.0

100 %

Intersegment Revenue   KRW (mil)

 

30-Sep-11

30-Jun-11

31-Mar-11

South Korea

125,100.0

13 %

162,832.0

19.1 %

-

-

Other Asian Countries

311,749.0

32.3 %

212,927.0

25 %

576,685.0

51.1 %

China

186,951.0

19.4 %

16,027.0

1.9 %

17,465.0

1.5 %

North America

213,402.0

22.1 %

260,231.0

30.6 %

208,183.0

18.4 %

Other Foreign

127,023.0

13.2 %

198,735.0

23.4 %

327,075.0

29 %

Segment Total

964,225.0

100 %

850,752.0

100 %

1,129,408.0

100 %

Consolidation Adjustment

-964,225.0

-100 %

-850,752.0

-100 %

-1,129,408.0

-100 %

Consolidated Total

0.0

0 %

0.0

0 %

0.0

0 %

 

Total Revenue   KRW (mil)

 

30-Sep-11

30-Jun-11

31-Mar-11

South Korea

-308,128.0

-5.5 %

927,364.0

16.2 %

284,028.0

5 %

Other Asian Countries

2,591,655.0

46.5 %

950,406.0

16.6 %

2,677,357.0

46.9 %

China

1,243,935.0

22.3 %

999,353.0

17.4 %

947,970.0

16.6 %

North America

631,917.0

11.3 %

638,025.0

11.1 %

558,726.0

9.8 %

Other Foreign

1,416,082.0

25.4 %

2,225,137.0

38.8 %

1,236,913.0

21.7 %

Segment Total

5,575,461.0

100 %

5,740,285.0

100 %

5,704,994.0

100 %

Consolidation Adjustment

-964,225.0

-17.3 %

-850,752.0

-14.8 %

-1,129,408.0

-19.8 %

Consolidated Total

4,611,236.0

82.7 %

4,889,533.0

85.2 %

4,575,586.0

80.2 %

 

 

 

 

 

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Business Segments

Financials in: As Reported (mil)

Annual

 

Interim

 

 

External Revenue   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

International Trade Segment

15,801,554.0

98.1 %

11,221,584.0

97.2 %

11,149,574.0

97.6 %

8,002,246.0

97.4 %

6,398,062.0

93.4 %

Fabric Manufacturing Segment

133,248.0

0.8 %

138,420.0

1.2 %

75,030.0

0.7 %

52,600.0

0.6 %

236,234.0

3.5 %

Other Manufacturing (Plant & Construction)

176,625.0

1.1 %

183,527.0

1.6 %

201,715.0

1.8 %

160,505.0

2 %

139,621.0

2 %

Others

379.0

0 %

325.0

0 %

45.0

0 %

96.0

0 %

72,899.0

1.1 %

Segment Total

16,111,806.0

100 %

11,543,856.0

100 %

11,426,364.0

100 %

8,215,447.0

100 %

6,846,816.0

100 %

Consolidation Adjustments

-

-

-

-

-

-

-

-

0.0

0 %

Consolidated Total

16,111,806.0

100 %

11,543,856.0

100 %

11,426,364.0

100 %

8,215,447.0

100 %

6,846,816.0

100 %

Intersegment Revenue   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

International Trade Segment

3,062,802.0

96.6 %

1,807,012.0

97 %

1,613,379.0

91.5 %

1,146,256.0

90.5 %

1,082,589.0

88.8 %

Fabric Manufacturing Segment

93,238.0

2.9 %

27,055.0

1.5 %

103,951.0

5.9 %

91,181.0

7.2 %

62,419.0

5.1 %

Other Manufacturing (Plant & Construction)

14,624.0

0.5 %

27,884.0

1.5 %

45,331.0

2.6 %

29,456.0

2.3 %

74,216.0

6.1 %

Others

-

-

727.0

0 %

-

-

0.0

0 %

0.0

0 %

Segment Total

3,170,664.0

100 %

1,862,678.0

100 %

1,762,661.0

100 %

1,266,893.0

100 %

1,219,224.0

100 %

Consolidation Adjustments

-3,170,664.0

-100 %

-1,862,678.0

-100 %

-1,762,661.0

-100 %

-1,266,893.0

-100 %

-1,219,224.0

-100 %

Consolidated Total

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

0.0

0 %

 

Total Revenue   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

International Trade Segment

18,864,356.0

97.8 %

13,028,596.0

97.2 %

12,762,953.0

96.8 %

9,148,502.0

96.5 %

7,480,651.0

92.7 %

Fabric Manufacturing Segment

226,486.0

1.2 %

165,475.0

1.2 %

178,981.0

1.4 %

143,781.0

1.5 %

298,653.0

3.7 %

Other Manufacturing (Plant & Construction)

191,249.0

1 %

211,411.0

1.6 %

247,046.0

1.9 %

189,961.0

2 %

213,837.0

2.7 %

Others

379.0

0 %

1,052.0

0 %

45.0

0 %

96.0

0 %

72,899.0

0.9 %

Segment Total

19,282,470.0

100 %

13,406,534.0

100 %

13,189,025.0

100 %

9,482,340.0

100 %

8,066,040.0

100 %

Consolidation Adjustments

-3,170,664.0

-16.4 %

-1,862,678.0

-13.9 %

-1,762,661.0

-13.4 %

-1,266,893.0

-13.4 %

-1,219,224.0

-15.1 %

Consolidated Total

16,111,806.0

83.6 %

11,543,856.0

86.1 %

11,426,364.0

86.6 %

8,215,447.0

86.6 %

6,846,816.0

84.9 %

Operating Income/Loss   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

International Trade Segment

179,554.0

105.2 %

169,341.0

106.2 %

158,148.0

176.1 %

92,214.0

110.9 %

80,107.0

89 %

Fabric Manufacturing Segment

19,016.0

11.1 %

2,387.0

1.5 %

-35,188.0

-39.2 %

1,284.0

1.5 %

9,359.0

10.4 %

Other Manufacturing (Plant & Construction)

-27,923.0

-16.4 %

-12,870.0

-8.1 %

-32,817.0

-36.5 %

-10,134.0

-12.2 %

-555.0

-0.6 %

Others

-21.0

0 %

548.0

0.3 %

-319.0

-0.4 %

-178.0

-0.2 %

1,074.0

1.2 %

Segment Total

170,626.0

100 %

159,406.0

100 %

89,824.0

100 %

83,186.0

100 %

89,985.0

100 %

Consolidation Adjustments

11,026.0

6.5 %

-2,519.0

-1.6 %

32,813.0

36.5 %

886.0

1.1 %

2,919.0

3.2 %

Consolidated Total

181,652.0

106.5 %

156,887.0

98.4 %

122,637.0

136.5 %

84,072.0

101.1 %

92,904.0

103.2 %

 

Operating Margin (%)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

International Trade Segment

1.0

-

1.3

-

1.2

-

1.0

-

1.1

-

Fabric Manufacturing Segment

8.4

-

1.4

-

-19.7

-

0.9

-

3.1

-

Other Manufacturing (Plant & Construction)

-14.6

-

-6.1

-

-13.3

-

-5.3

-

-0.3

-

Others

-5.5

-

52.1

-

-708.9

-

-185.4

-

1.5

-

Segment Total

0.9

-

1.2

-

0.7

-

0.9

-

1.1

-

Consolidation Adjustments

-0.3

-

0.1

-

-1.9

-

-0.1

-

-0.2

-

Consolidated Total

1.1

-

1.4

-

1.1

-

1.0

-

1.4

-

Total Assets   KRW (mil)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

International Trade Segment

5,583,429.0

88.1 %

4,335,267.0

85.7 %

3,175,566.0

79.8 %

2,503,761.0

80 %

2,237,620.0

79.7 %

Fabric Manufacturing Segment

191,282.0

3 %

174,043.0

3.4 %

171,435.0

4.3 %

185,616.0

5.9 %

115,320.0

4.1 %

Other Manufacturing (Plant & Construction)

430,137.0

6.8 %

491,666.0

9.7 %

572,201.0

14.4 %

398,067.0

12.7 %

378,233.0

13.5 %

Others

132,369.0

2.1 %

57,018.0

1.1 %

60,418.0

1.5 %

41,647.0

1.3 %

76,137.0

2.7 %

Segment Total

6,337,217.0

100 %

5,057,994.0

100 %

3,979,620.0

100 %

3,129,091.0

100 %

2,807,310.0

100 %

Consolidation Adjustments

-685,556.0

-10.8 %

-362,561.0

-7.2 %

-502,909.0

-12.6 %

-366,989.0

-11.7 %

-333,514.0

-11.9 %

Consolidated Total

5,651,661.0

89.2 %

4,695,433.0

92.8 %

3,476,711.0

87.4 %

2,762,102.0

88.3 %

2,473,796.0

88.1 %

 

Operating Return on Assets (%)

 

31-Dec-10

31-Dec-09

31-Dec-08

31-Dec-07

31-Dec-06

International Trade Segment

3.2

-

3.9

-

5.0

-

3.7

-

3.6

-

Fabric Manufacturing Segment

9.9

-

1.4

-

-20.5

-

0.7

-

8.1

-

Other Manufacturing (Plant & Construction)

-6.5

-

-2.6

-

-5.7

-

-2.5

-

-0.1

-

Others

0.0

-

1.0

-

-0.5

-

-0.4

-

1.4

-

Segment Total

2.7

-

3.2

-

2.3

-

2.7

-

3.2

-

Consolidation Adjustments

-1.6

-

0.7

-

-6.5

-

-0.2

-

-0.9

-

Consolidated Total

3.2

-

3.3

-

3.5

-

3.0

-

3.8

-

 

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Business Segments

Financials in: As Reported (mil)

Annual

 

Interim

 

 

External Revenue   KRW (mil)

 

30-Sep-11

30-Jun-11

31-Mar-11

Trade

4,534,819.0

98.3 %

4,682,844.0

95.8 %

4,390,089.0

95.9 %

Resource Developing

11,339.0

0.2 %

17,660.0

0.4 %

13,318.0

0.3 %

Manufacturing and Other

65,078.0

1.4 %

189,029.0

3.9 %

172,179.0

3.8 %

Segment Total

4,611,236.0

100 %

4,889,533.0

100 %

4,575,586.0

100 %

Consolidated Total

4,611,236.0

100 %

4,889,533.0

100 %

4,575,586.0

100 %

Intersegment Revenue   KRW (mil)

 

30-Sep-11

30-Jun-11

31-Mar-11

Trade

841,550.0

87.3 %

834,897.0

98.1 %

1,092,796.0

96.8 %

Manufacturing and Other

122,674.0

12.7 %

15,855.0

1.9 %

36,612.0

3.2 %

Segment Total

964,224.0

100 %

850,752.0

100 %

1,129,408.0

100 %

Intercompany Eliminations

-964,224.0

-100 %

-850,752.0

-100 %

-1,129,408.0

-100 %

Consolidated Total

0.0

0 %

0.0

0 %

0.0

0 %

 

Total Revenue   KRW (mil)

 

30-Sep-11

30-Jun-11

31-Mar-11

Trade

5,376,369.0

96.4 %

5,517,741.0

96.1 %

5,482,885.0

96.1 %

Resource Developing

11,339.0

0.2 %

17,660.0

0.3 %

13,318.0

0.2 %

Manufacturing and Other

187,752.0

3.4 %

204,884.0

3.6 %

208,791.0

3.7 %

Segment Total

5,575,460.0

100 %

5,740,285.0

100 %

5,704,994.0

100 %

Intercompany Eliminations

-964,224.0

-17.3 %

-850,752.0

-14.8 %

-1,129,408.0

-19.8 %

Consolidated Total

4,611,236.0

82.7 %

4,889,533.0

85.2 %

4,575,586.0

80.2 %

Income After Tax   KRW (mil)

 

30-Sep-11

30-Jun-11

31-Mar-11

Trade

53,582.0

503.8 %

27,094.0

56.1 %

985.0

6 %

Resource Developing

-39,519.0

-371.6 %

17,916.0

37.1 %

10,632.0

65.3 %

Manufacturing and Other

-3,428.0

-32.2 %

3,267.0

6.8 %

4,671.0

28.7 %

Segment Total

10,635.0

100 %

48,277.0

100 %

16,288.0

100 %

Intercompany Eliminations

54,495.0

512.4 %

40,401.0

83.7 %

-13,565.0

-83.3 %

Consolidated Total

65,130.0

612.4 %

88,678.0

183.7 %

2,723.0

16.7 %

 

Net Profit Margin (%)

 

30-Sep-11

30-Jun-11

31-Mar-11

Trade

1.0

-

0.5

-

0.0

-

Resource Developing

-348.5

-

101.4

-

79.8

-

Manufacturing and Other

-1.8

-

1.6

-

2.2

-

Segment Total

0.2

-

0.8

-

0.3

-

Intercompany Eliminations

-5.7

-

-4.7

-

1.2

-

Consolidated Total

1.4

-

1.8

-

0.1

-

Total Assets   KRW (mil)

 

30-Sep-11

30-Jun-11

31-Mar-11

Trade

9,000,892.0

85.6 %

7,584,354.0

85.3 %

7,325,616.0

85.7 %

Resource Developing

846,748.0

8.1 %

678,004.0

7.6 %

586,766.0

6.9 %

Manufacturing and Other

666,312.0

6.3 %

625,920.0

7 %

635,706.0

7.4 %

Segment Total

10,513,952.0

100 %

8,888,278.0

100 %

8,548,088.0

100 %

Intercompany Eliminations

-965,737.0

-9.2 %

-756,854.0

-8.5 %

-863,540.0

-10.1 %

Consolidated Total

9,548,215.0

90.8 %

8,131,424.0

91.5 %

7,684,548.0

89.9 %

 

Total Liabilities   KRW (mil)

 

30-Sep-11

30-Jun-11

Trade

7,447,148.0

84.2 %

6,145,178.0

84.1 %

Resource Developing

792,217.0

9 %

591,598.0

8.1 %

Manufacturing and Other

606,459.0

6.9 %

567,085.0

7.8 %

Segment Total

8,845,824.0

100 %

7,303,861.0

100 %

Intercompany Eliminations

-1,032,639.0

-11.7 %

-821,690.0

-11.3 %

Consolidated Total

7,813,185.0

88.3 %

6,482,171.0

88.7 %

 

 

 

 

 

 

 FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.34

UK Pound

1

Rs.86.09

Euro

1

Rs.69.37

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.